Ukraine and Saudi Arabia have officially revived the Joint Business Council after a decade-long hiatus, signaling renewed strategic cooperation. The move opens pathways for investment projects valued at over $1 billion.
During the meeting, Ukraine presented a detailed investment portfolio exceeding $1 billion. The projects aim to strengthen bilateral economic ties across multiple sectors. Experts say the revival could reshape trade and investment patterns between the two nations.
Representatives from MHP Agricultural Holding led the Ukrainian delegation. They highlighted initiatives spanning agriculture, healthcare, engineering, logistics, critical materials, retail, and industrial parks. The projects are expected to significantly expand cooperation beyond current levels.
The Joint Business Council will serve as a key mechanism to facilitate investment, streamline partnerships, and accelerate economic collaboration. Analysts note that structured engagement through the council may unlock high-value opportunities in both countries.
The Ukrainian delegation included executives from companies contributing more than 4 percent of the country’s GDP. Key participants were MHP, BGV Group, Epicentr, Dobrobut, Interkhim, Darnytsia, Kernel, SoftServe, and Orion.Group. Their involvement underscores the economic weight of the proposed investment projects.
Officials from both nations stressed that the council’s revival strengthens dialogue and encourages long-term cooperation. They also emphasized the potential for technological exchange and knowledge sharing across sectors.
This reactivation comes amid Ukraine’s strategic push to attract international investment. Likewise, Saudi Arabia continues to diversify its economy under its Vision 2030 framework. The collaboration aligns with broader goals of regional growth and industrial development.
The council will prioritize follow-up meetings to monitor project progress. Additionally, it plans to create task forces for each sector to facilitate faster implementation and regulatory approvals. Experts predict this structured approach could accelerate bilateral projects and maximize mutual benefits.
By reviving the Joint Business Council, Ukraine and Saudi Arabia signal a clear commitment to long-term economic partnership. The collaboration may serve as a model for similar cross-border investment frameworks in the future.
