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Eastern Investors To Visit All-Ukrainian Investment Forum

October 30, 2007

The Ministry of Regional Development and Construction of Ukraine has invited investors, from which the state expects ready economically efficient construction projects, to the all-Ukrainian investment forum "Building City 2007". Journalists learned this during an interview with deputy minister Oleksandra Kuzhel. According to her, the forum will be visited by representatives of the Orient that are already actively operating on the Ukraine’s construction market – investors from Saudi Arabia, Syria, Iraq, Malta, Israel, and Jordan.

Ukrainian constructors intend to exchange experience with their Israeli counterparts in construction of social housing with all the amenities for the disabled. The Regional Development and Construction Ministry is interested in cooperation with Jordan, because representatives of this country are not seeking to enter the Ukrainian market, but invite Ukrainian constructors to work in their country.

O. Kuzhel stressed that Ukraine will be interested in those projects, which are in commission, have been tested abroad, and realization of which would allow to save time on development of project documentation and passing licensing procedures.

At the same time O. Kuzhel noted that the regions are ready to provide potential investors with neither transparent procedure of accessing to the local construction market, nor effective plan of township zoning for further development. “The cities have not worked out their layout plans. They cannot demonstrate on what territories the zoning procedure has been completed, where industrial complexes may be built, and where social infrastructure may be developed. We call on everybody, to develop such plans as soon as possible – the area development plans, zoning of lands, in order to make the procedure of investors’ access to the local market more transparent and simple,” she explained.

It should be reminded that today in order to obtain all the permits and approvals for construction in is necessary to carry out 29 procedures, which takes an average of 429 days. That is why the Regional Development and Construction Ministry has declared the necessity to firmly pursue simplification of the existing order.

Tags: investment