Funding the future METROPOLIS

Funding the future METROPOLIS

Supported by the Kyiv City State Administration, Foundation for Effective Governance and Financial Times Kyiv are hosting the first Kyiv Investment Forum

he Forum will be held on March 29 at the Intercontinental Hotel. More than 300 par­ticipants have already confirmed their par­ticipation in the Forum

The main purpose of this Forum is the presentation of investment pro­jects by the Kyiv City State Adminis­tration and representatives of busi­ness. Such projects are of great im­portance not only for future eco­nomic prosperity of Kyiv, but also for the welfare of the inhabitants of the city. Events like Kyiv Investment Fo­rum are of great interest to potential investors. The event will include road show and discussion of the projects. "Many investors expressed interest in the Kyiv Investment Forum; we expect the arrival of participants from 15 countries worldwide. This suggests that Kyiv is attractive for in­vestment. Kyiv, being the financial and business center of Ukraine, can also become Ukraine's investment capital. 49% of all investments in Ukraine are investments in Kyiv," said A. Popov.

T

і By Evan Ostryzniuk

Today, now that the Kyiv 2025 De­velopment Strategy has been passed, Kyiv authorities are putting great effort into implementing the key tasks set forth therein. The pri­mary tasks are to attract investment to upgrade infrastructure, develop public transport and business parks, and create the infrastructure for sports and recreation. "This Forum proves that the Kyiv 2025 Development Strategy is a pragmatic and ready-to-use tool. It will help Kyiv become a European- level capital within the next 15 years," said Managing Director of the Foundation for Effective Gover­nance Natalia Izosimova.

The main goal of the Forum is to serve as a platform for dialog among representatives of foreign and local business and Kyiv City State Admin­istration. The city authorities have been actively engaged in attracting investment. They have recently modernized the whole investment process, which now operates on a "One-Stop Shop" principle. The ac­tivities of two Kyiv investment agen­cies have been put back on track. At the heart of the Kyiv Investment Forum is the presentation of a num­ber of diverse anchor projects that the city plans to undertake in order to accelerate Kyiv's development as a modern urban center. These projects include construction of the fourth subway line and multi-level parking lots, economic development through the Kyiv-City international business area, and technology infra­structure development through the BIONIC HILL innovation park. The last two projects are deemed the most promising.

The Kyiv-City project is seen by Kyiv City State Administration as key to resolving a number of challenges faced by the capital today. One of the infrastructure] legacies of the Soviet era is the absence of a designated cen­tral business district that would serve as the financial hub of newly inde­pendent Ukraine. Also, Kyiv-City should provide A-grade commercial property for business of all sizes, as the capital has been having trouble keeping up with demand. Kyiv-City is expected to offer 50,000jobs and be easily accessible by public trans­portation. The price for all this is an estimated USD l-2bn to be done in partnership with private interests. The BIONIC Hill project, mean­while, addresses the need for a busi­ness-innovation center that would accommodate Ukrainian and for­eign companies operating in high technology, business incubators, venture funds, banks, and other or­ganizations that provide service sup­port to the business sector. The pro­ject includes a research center with modern laboratories, specialized university and high-tech industrial zone. The infrastructure would also provide housing, hotels, restaurants, sports facilities, schools and recre­ation areas. BIONIC Hill is expected to offer 35 000 jobs Industry projects will also be intro­duced along with anchor projects. These are divided into four cate­gories: world-class infrastructure for transportation and utilities, IT inno­vations, centers for business and tourism and leisure, and health of Kyiv residents. CS1

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