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Ukraine Deepens Cooperation with United Arab Emirates

Zelensku in UAE

A Ukrainian delegation led by President Volodymyr Zelensky has signed memoranda and contracts worth more than USD 3 billion in the United Arab Emirates.

According to the press service of the Office of the President, in particular, documents were signed on deepening cooperation in promising investment projects and UAE’s participation in the programme of privatisation of state property in Ukraine.

The Ministry of Digital Transformation of Ukraine signed a memorandum with the INTELMAX Management Consulting, which provides for cooperation in creating a platform for the exchange of intellectual property based on the Fantom blockchain, which will provide increased security and transparency. It is also planned to introduce blockchain technologies in government processes and services.

Documents in the field of defence were also signed, within which, in particular, the possibility of building joint plants outside Ukraine was discussed. In particular, the State Concern Ukroboronprom concluded a USD 1 billion deal in the UAE.

In addition, a memorandum was signed in the agricultural sector, which provides for the establishment of an agricultural hub and a trading company to ensure food security.

The possibility of launching a Ukrainian sovereign wealth fund for joint investments is also being considered.

At the same time, 18 Ukrainian private companies signed memoranda with the Mubadala Investment Company.

The President’s Office also informed that a number of bilateral documents aimed at developing relations between the two countries were signed during the visit of the Ukrainian delegation.

Volodymyr Zelensky already met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan and Vice President, Prime Minister, Minister of Defence, Ruler of the Emirate of Dubai Sheikh Mohammed bin Rashid Al Maktoum.

Bohdan Marusyak

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