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Onur Group to invest $500 million in Ukraine by 2030, Ukraine Business reports

Photo by Ben Allan / Unsplash

Onur Group, the Turkish construction firm, plans to invest $500 million inUkraine by 2030, doubling its current investment, as it participates in the reconstruction of the country and enters new areas of the post-war economy, Business Ukraine magazine reported.

Emre Karaahmetoglu, the general coordinator of Onur Group's Ukraine operations, said work stopped on 90% of the company's existing projects in Ukraine at the outset of the full-scale Russian invasion almost two years ago, but it still had 4,000 employees and 4,500 pieces of equipment ready for work.

Onur Group has also signed memorandums of understanding with various entities, including Samsung, with the intention to carry out reconstruction work, and aims to expand partnerships further.

"In addition to construction projects, we continue to develop a wide range of investments initiated before the war, and have even provided additional financing for new investment projects as we seek to contribute to the Ukrainian wartime economy and create employment," he said. "Onur Group has invested more than USD 500 million in Ukraine to date, with plans to invest a further half billion by 2030."

He said the company currently operates in 13 business sectors in Ukraine, including construction, engineering, energy, quarries and mining, agriculture, production, real estate, and others.

"We view our Ukrainian investments as a long-term strategy focused on improving the country’s economy, creating new jobs, and strengthening the investment climate," he said.

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