On January 24, 2019, the Kryvyi Rih City Government a round table on the city’s investment competitiveness was held. The event was held to establish a dialogue and expand cooperation between representatives of city authorities, business and experts specializing in investment attraction issues, namely: Ukraine Investment Promotion Office, the Partnership for Local Economic Development and Democratic Governance (PLEDDG), Dnipropetrovsk regional investment agency (DIA), and Kryvyi Rih City Development Institution.
During the speech, Yuirii Vilkul, Mayor of Kryvyi Rih noted that for a large industrial city, such as the city of Kryvyi Rih, one of the pressing issues is the city development: “Kryvyi Rih is the largest industrial center of our state. And it is important that the fate of the investments of the city of Kryvyi Rih in the structure of Dnipropetrovsk region is 35%.” For investors, the city of Kryvyi Rih has developed a lot of investment projects and proposals that are posted in the «Investor’s Guide» and «Investment Passport of the Dnipropetrovsk region». Work in this direction continues: “Of course, we assume benefits for investors, the provision of favorable conditions and other proposals for our further fruitful cooperation,” Yuirii Vilkul said.
On the current investment areas, cooperation with a local investor and the investment need from the city in industrial areas, such as Industrial Park «Kryvbas», in the transport and engineering infrastructure, Alim Molodan DIA Deputy Director said: «During the development of Industrial Park, the question such as what should appear first: a potential investor, under which the initiator forms the infrastructure or the infrastructure creation by the initiator to attract a potential investor constantly arises. The lack of infrastructure created the conditions under which dozens of industrial parks in Ukraine are not functioning. At the same time, the city of Kryvyi Rih is considering ways of creating infrastructure, including through the local budget and the State Fund for Regional Development.»
Oleksii Ivanchenko, the UkraineInvest representative of in Eastern Ukraine, spoke about the supporting investments state policy and noted: “The most ready land plot for investments is the industrial park. It is very good that in the city of Kryvyi Rih there is already a registered Industrial Park. We will do everything possible to fill this industrial area, both with foreign companies and Ukrainian ones.”
The present investor companies such as ArcelorMittal Kryvyi Rih PJSC, METINVEST, Polstar LLC, Black Iron and Nadezhda CJSC, indicated their interest in the further region investing. In particular, the company Black Iron, continues implementing the project on creation a mining and processing plant, Polstar LLC is considering the possibility of creating new production facilities.
Among the initiatives of companies-investors, in particular METINVEST, was made a proposal to hold a conference for potential contractors and outsourcers, thereby creating additional conditions for SMEs development in the region.