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9 new industrial parks were registered in the first quarter of 2024

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9 new industrial parks were registered in the first quarter of 2024

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The network of industrial parks is actively developing despite Russia's armed aggression and military actions. In the first quarter of 2024, the government registered 9 new parks, equaling the number registered throughout 2022 and surpassing the figure for 2021, when 7 parks were registered.

"It is extremely important that even in such challenging conditions, Ukraine continues to develop its infrastructure and attract investments. The creation of new industrial parks will contribute to economic growth, job creation, and strengthening the country's industrial potential. The interest of investors, reflected in the large number of processed applications for park registration, demonstrates confidence in the Ukrainian economy and its future," noted Deputy Minister of Economy of Ukraine Vitaliy Kyndrativ.

The specialization of the new parks is highly diverse, ranging from the production of building materials to food products. For example, "BF Terminal" specializes in wood processing, manufacturing of MDF and CLT panels, laminate, and parquet. "Galicia" produces building materials from clay, cement, lime, and gypsum mixtures, as well as products from these materials. "Dnister" focuses on paper and paper products, while "InPark Borislav" specializes in wood processing and furniture production. "Smart Tech Industry" is involved in the deep processing of corn grain, producing food products, flour, and animal feed. The food industry also includes "Borschiv." "Chervonohrad," created in cooperation between the city council and GIZ, is part of an international program for the transformation of coal regions.

Approximately 11,000 jobs are expected to be created in the nine new industrial parks, contributing to economic development and increased employment in the regions where they are located.

According to the Deputy Minister of Economy, investor interest in creating industrial parks is significant, and this year has the potential to become a record year in terms of the number of new parks. Since the beginning of 2024, 29 packages of documents for the registration of industrial parks have been processed.

At the same time, the government's policy regarding the exclusion of inactive parks from the Register, where no activity has been carried out by participants within three years of registration, is correct and necessary to support the efficiency and effectiveness of development in this direction. This year, 4 parks were excluded from the register.

The Odessa Journal
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