Turkish Onur Group  to invest $500M in Ukraine

Turkish Onur Group to invest $500M in Ukraine

Turkish Onur Group plans to invest $500M in Ukraine and has already concluded new road construction contracts worth UAH 13B.

The contractor for the presidential program Big Construction, the Onur Group, has invested more than $350M in nine business areas in Ukraine since 2021, said the general director of the Onur Group in Ukraine, Emre Karaahmetoglu. By 2030, the company plans to invest another $500M in Ukraine.

According to him, in addition to road construction and engineering, the Turkish group is focused on seven more areas: the mining, energy, industry, hotel and restaurant business, real estate, agricultural, and woodworking industries.

It is worth noting that Ukraine owes the Onur Group more than UAH 5B, but the Turkish company does not currently plan to sue the state.

Included in the results from the first half of 2023, the Onur Group has already managed to conclude contracts for the construction and repair of roads worth UAH 13B, of which UAH 4.2B is with the State Agency for Reconstruction and Development of Infrastructure of Ukraine.



The general manager of Onur Group explained: "Mining of minerals is poorly developed in Ukraine, and together with our partners we have experience in this." By 2030, Onur intends to invest about $225 million in this direction, including graphite and kaolin mining.

The Turkish group intends to invest another $260 million in Ukrainian green energy, in particular, in wind power plants in the Lviv Region and Transcarpathia with a total capacity of 200 MW. By September 2023, Onur's investments in this direction amounted to about $290, namely in a solar power plant with a capacity of 150 MW in the Khmelnytsky region.

The group will invest $2 million in the woodworking industry, and Onur will allocate $30 million to the construction of its first hotel in Ukraine by 2025.

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