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Chinese investors may help Ukraine to create smart cities

Chinese investors may help Ukraine to create smart citiesUkraine expects that Chinese investors will help Ukraine in developing future technologies, including the creation of so-called smart cities in Ukraine.

Deputy Presidential Administration Head Dmytro Shymkiv stated this during an opening ceremony of Ukraine Silk Road International Forum held in Kyiv, Ukrinform reports.

Read also: Smart City Risks And Rewards

“We very much welcome the prospect of attracting Chinese investors in the Ukrainian economy. And I would like to see more cooperation in the sphere of future technologies. Since such technologies can let us implement the projects of new type transport corridors or create 'smart cities’, which are being actively developed in China, the creation of a joint intellectual production with the participation of Ukrainian engineers,” Shymkiv said.

He noted that due to the deregulation and easing of doing business in Ukraine, the number of permits was reduced by 40%, while a number of economic activities were cut from 56 to 30.

Read also: Silk Road is promising investment through-passage for Ukraine - Regional development minister

The Presidential Administration deputy head also noted that at this forum the Silk Road project is considered as a tool for enhancing economic cooperation between Ukraine and China, as well as with other countries.

In this regard, Shymkiv noted that Ukraine is the gateway of the ‘Silk Road’ to Europe.
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