The State Property Fund announced the expansion of its activities in 2024: new opportunities for investors in privatization and land lease
Kyiv • UNN
The State Property Fund of Ukraine, headed by Vitaliy Koval, plans to expand its activities in 2024 by privatizing state assets and introducing state land leases, including through auctions of sanctioned property to finance Ukraine's recovery.
During the Investors Annual Meeting, Vitaliy Koval, head of the State Property Fund of Ukraine, spoke about how he plans to expand the fund's activities next year by privatizing large state assets and introducing state land leases. This was reported by the State Property Fund of Ukraine, UNN writes.
We will open the market for leasing state agricultural land next year. Entire clusters of land will be put up for transparent auctions. ... Sanctioned assets will also be put up for auctions. The enemy must lose their property, and the proceeds will be used to restore Ukraine,
Details
Vitaliy Koval notes that the state owns both efficiently operating assets and abandoned ones with already connected communications, which will be actively involved in the privatization process so that a powerful movement of industrial parks can be created on the basis of such objects. He also noted that next year, a large number of state assets are expected to be transferred to the State Property Fund, which will become available for privatization.
"The state is focusing on its core competence - we will get rid of everything that is non-core through auctions," Koval said.
In addition, new areas will be added, such as leasing agricultural land and selling sanctioned assets.
For reference
Investors Annual Meeting is a platform for improving the dialogue between business and government, organized by the Investment Promotion Office Ukraine Invest and the Ukrainian Chamber of Commerce and Industry.
