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Abu Dhabi state investor Mubadala has signed several agreements with companies in Ukraine to explore investment opportunities.
The sovereign wealth fund, which manages $232 billion in assets, said Monday it had signed a trilateral memorandum of understanding (MOU) with Masdar and Ukrainian company DTEK to explore potential areas of collaboration in the renewable energy space.
Agreements were also signed with several other companies, including EastOne, Interpipe, Ufuture, Unit.city, Dragon Capital, Fortior and UMG, to explore investment opportunities in the private sector in Ukraine.
Mubadala manages a series of investment programmes in key markets, including China, France and Russia.
According to Faris Al Mazrui, head of Mubadala’s investment programme in the Commonwealth of Independent States (CIS), Ukraine offers “promising potential for foreign investment”.
“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 calibre of Ukrainian businesses,” Al Mazrui said.
The signing of MOUs was held at Masdar during a visit by Ukraine President Volodymyr Zelensky and First Lady Olena Zelenska, along with other high-level government officials.
(Writing by Cleofe Maceda; editing by Mily Chakrabarty)
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