At the UNIDO GC21 Global Industrial Summit in Riyadh, Saudi Arabia — where Ukraine presented its vision for a green industrial recovery — the Ukrainian delegation also reached new investment agreements with the Saudi government. The Ministry of Economy, Environment and Agriculture reported the results.
During his address at the summit’s plenary session, Deputy Minister of Economy Andrii Teliupa, who headed the Ukrainian delegation, stressed that despite Russia’s targeted destruction of industrial and energy infrastructure, Ukraine is actively working to build a modern, competitive and resilient industrial sector fully integrated into the European Union and global value chains.
The delegation’s program included a series of bilateral meetings and participation in thematic panel discussions.
At the high-level event “Industrial recovery for resilience,” Teliupa presented UNIDO’s large-scale Programme for Green Industrial Recovery of Ukraine (2024–2028) and the model of the Trilateral Industrial Dialogue (Ukraine–UNIDO–Japan).
“UNIDO offers unique value by combining policy expertise with practical solutions, which we already see through its cooperation with Japan. The Programme presented is a structured strategy and a reliable platform that guarantees transparency of investments. We therefore invite donors and the business community to join this format so we can ensure industrial modernization, community resilience and a shared future,” Teliupa emphasized.
On the sidelines of the summit, the Ukrainian delegation held several bilateral meetings with representatives of the Government of Saudi Arabia.
Discussions focused, in particular, on finalizing a Priority Action Plan, whose key indicator will be the launch of at least two flagship investment projects in Ukraine in 2026.
Special attention was given to the creation of a joint Saudi-Ukraine investment fund (Saudi-Ukraine PE Fund) worth $500 million, as well as the participation of the Saudi side in the Viability Gap Fund, which supports public–private partnership projects.
The 21st session of the UNIDO General Conference — the Global Industrial Summit (UNIDO GC21) — took place from 23 to 27 November 2025 in Riyadh.
The General Conference is UNIDO’s highest decision-making body, bringing together representatives from 173 member states to define the organization’s strategy and endorse industrial-development policies.
The summit’s overarching goal is to promote sustainable industrial development, reduce poverty, support climate action and build fair supply chain
