Mubadala inks MoUs with Ukrainian companies to explore investment opportunities

By Amirtha P S, Trainee Reporter
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Abu Dhabi-based global investor Mubadala Investment Company has signed a number of Memorandum of Understanding (MoU) with the Ukrainian government and private entities.

The MoU’s were signed during the visit of Ukrainian President Volodymyr Zelensky, the First Lady of Ukraine Olena Zelenska, and other high-level government officials and dignitaries at Masdar City. 

During the visit, three MoUs were signed with Ukrainian government entities to explore mutually beneficial investment opportunities by Faris Al Mazrui, Head of Mubadala’s investment program in the Commonwealth of Independent States (CIS), and Roman Leshchenko, Minister of Agrarian Policy and Food of Ukraine, Dmytro Sennychenko, Chairman of the State Property Fund of Ukraine, and Sergiy Tsivkach, Executive Director of UkraineInvest.

Commenting on the signing, Mr. Al Mazrui said, “Mubadala has established a strong track record of entering new and emerging markets. Ukraine has very promising potential for foreign investment, and the signing of MoUs with leading entities in Ukraine represents a commitment to explore potential investments and areas of cooperation on a case-by-case basis. We are impressed by the quality and caliber of Ukrainian businesses.”

Mr. Leshchenko stated, “It is a big honor for us to be partnering with people who share our values and priorities on food safety, developing trade relationships and beginning new investment projects.”

Additionally, Abu Dhabi’s Mubadala, Masdar and Ukraine’s largest private national investor have signed a trilateral MoU that aims to explore potential investments in Ukraine’s clean energy sector.

Mohamed Jameel Al Ramahi
Mohamed Jameel Al Ramahi
CEO – Masdar

“As a global leader in renewable energy, with a presence in more than 30 countries, Masdar welcomes this opportunity to help Ukraine achieve its clean energy goals. Our business model is based on forging strong partnerships in the sectors and geographies in which we operate. By leveraging our combined expertise, Masdar and DTEK will be able to best identify the path forward for Ukraine’s renewable energy sector.”

Mubadala also signed several other MoUs with companies that aim to explore investment opportunities in the private sector in Ukraine, including with EastOne, Interpipe, Ufuture, Unit.city, Dragon Capital, Fortior and UMG.

Earlier, Mubadala had joined with other Ukrainian companies including TAS Group, BGV, Horizon, OdessaGaz, Epicenter, Oshadbank, Mais and Metinvest.

Also Read: Mubadala Petroleum wins concession agreement to explore Egypt’s Red Sea Block 4

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