The head of Cherkasy Regional State Administration Oleksandr Skichko met with representatives of the Ukrainian-Arab Business Council.

„We are expanding the borders of international cooperation. Among the priority tasks is finding and attracting partners and investors for the enterprises of the region. Promising, among others, is the Arab direction“, - said the head of the region.

Oleksandr Skichko discussed with the President of the Ukrainian-Arab Business Council Emad Abu Alrub the promising areas of cooperation and initiatives. During the meeting they signed a Memorandum about cooperation. Next step is work at specific projects.

For reference:

For five months of this year, the volume of bilateral trade between the enterprises of the region and the Arab countries amounted to almost 51 million US dollars.

For that time the region’s enterprises had foreign economic transactions with 16 Arab countries. The largest volumes of goods were exported to Oman, Egypt, Morocco, Libya and Algeria.

Arab investment from Egypt and Jordan have 3 companies in the region, which carry out economic activities in the sawmill industry, renewable energy, transport, food industry.

Reference source: Черкаська ОДА