Ukraine’s strategy named “National Projects” implies the development of several projects with a positive impact on social and economic development, aiming to achieve five objectives. The construction of railway infrastructure is included in the “New Infrastructure” section (the high-speed line between Kiev and Boryspil international airport, as well as other infrastructure projects), together with the development of industrial parks. Thus, authorities are estimating that the new law on industrial parks will increase investment attractiveness and generate direct investment inflow.
The adopted law introduced the concept of industrial parks in Ukraine; National Investment Agency estimates that the industrial parks will attract investments of USD 8 Billion during the following years, creating 300 jobs. The adoption of industrial park projects was determined by the effectiveness of other states: for example, over 400 parks are functional in USA, over 60 in Poland, 262 in Turkey, and about 140 in the Czech Republic. At regional level, Ukraine will become an investment centre thanks to human resources and to the simplification of procedures related to land allocation for the construction of industrial parks and thanks to the privileges provided for coordinating partners. Thus, national GDP will increase by 15% in 4-5 years from the construction of industrial parks; an operational park will allow the participation of 10-15 companies, providing an investment flow of approximately USD 200 Million. The InvestUkraine
Department (part of the National Investment Agency) mentions the construction of 14 industrial parks, 8 of which demand investments of about USD 9.5 Billion. The most substantial investments are allocated to the construction of Novo Park (USD 5 570 Million), Rubizhne (USD 1 780 Million) and Stakhanov (USD 2 055 Million). As regards the projects without investment estimations, the Agency mentions that their level depends on investors’ demands and characteristics, the majority of projects benefiting from state co-financing for transport infrastructure development. For the establishment and operation of industrial parks, this year the Government approved a legislative proposal elaborated by the Ministry of Economic Development and Trade regarding the introduction of amendments to the Customs Code. The main objective is to specify the volume of equipment, components and materials that will be imported to Ukraine, without payment of import duties. Ukraine concluded a Protocol with Turkey during an intergovernmental meeting between the two parties for the implementation of the national program regarding the construction of industrial parks and investment supply.
Through the implementation of the projects Ukraine will significantly develop its industrial sector, will introduce investments in the capital market and will provide access for international companies in the national market.
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