The authorities of the United Arab Emirates have offered aid to Ukraine in forming a sovereign fund, and they will be engaging experts to do so. The press service of the President’s Office reported this following the meeting of the head of the presidential office Andriy Yermak with the delegation of the UAE.
To create a sovereign fund, the experience and expertise of one of the world’s largest sovereign funds, ADQ, and their consultants from the Contango company will be involved.
The sovereign fund will work with state-owned enterprises that the state will not put up for privatization. The purpose of the sovereign fund is to increase the country’s capitalization.
The following should enter the fund:
- Enterprises of energy and critical transport infrastructure,
- Enterprises with a unique market position.
- It also applies to enterprises that have licenses for extracting natural minerals and their processing.
In October 2022, in an interview with Forbes, the head of the State Property Fund of Ukraine, Rustem Umerov, said he wanted to create a sovereign fund into which enterprises from strategically essential industries for the state should enter.