The End of the Era of 'Paper' Parks
In Ukraine, the phase of 'paper' industrial parks has come to an end, marking an important step in the development of the country’s industry. The state has invested over 900 million hryvnias in the construction of plants, resulting in the launch of 37 industrial enterprises and the creation of over 3716 new jobs. This process indicates active involvement of private investments in the industrial sector.
Financing Infrastructure of Industrial Parks
According to data, there are currently 118 industrial parks in the register, of which 24 are new and 8 have been excluded. Among the parks that received funding for infrastructure development, the following stand out:
- Industrial Park 'FRUIT INDUSTRY' — 150 million hryvnias;
- 'KIT' — 147.7 million hryvnias;
- 'Striy Valley' — 63.8 million hryvnias;
- 'KRONOSPAN RIVNE' — 55.3 million hryvnias;
- 'Ternopil' — 49.2 million hryvnias;
- 'SUNART' — 49 million hryvnias.
In total, 13 parks have received funding for infrastructure.
“One hryvnia invested by the state in the infrastructure of industrial parks attracts 5-6 hryvnias in private investments.”
Olexiy Sobolev, an expert in this field
The launch of new plants and investments in the infrastructure of industrial parks reflect Ukraine's strategic course towards recovery and development of the industrial sector, which is important for the country’s economic stability. Involving private investments combined with state funding may become the basis for further growth of production capacities and reduction of unemployment rates. This can also contribute to increasing the competitiveness of Ukrainian products in the international market.