Closer Croatian-Saudi Economic Ties Encouraged

Lauren Simmonds

croatian-saudi economic ties

November the 9th, 2023 – Closer and stronger Croatian-Saudi economic ties are being encouraged with the visit of one particular Ukrainian investor.

As Poslovni Dnevnik writes, in a very significant step towards encouraging closer Croatian-Saudi economic ties, Andrii Matiukha, a Ukrainian investor, held key meetings with representatives of state funds and the ministries of the Kingdom of Saudi Arabia. They discussed the Petrinja Chicken Company, its investment here in the Republic of Croatia, and the potential for Saudi investments in Croatia and the more immediate region.

The promotion of positive and green investments

Andrii Matiukha with his team – Oleksiy Shevchenko (CEO) and Krešimir Steinbauer, CFO, participated in the EU-SAUDI investment forum, the Future Investment Initiative conference (colloquially called the DAVOS of the East), in Riyadh.

This forum brings together various influential individuals and organisations involved in the promotion of global “positive and green” investment processes. It also involves the SAUDI Agriculture fair – where some of the most important participants in the Saudi food market were present. It’s also where the basics of cooperation between the Petrinja Chicken Company (the holder of the poultry farm project in Croatia) were agreed upon.

Saudi Arabia’s interest in investing in Croatia underlines the growing bilateral relations between these two countries. Croatia’s strategic position in Europe, together with its increasingly successful business environment, has piqued the interest of Saudi Arabia, with potential investments promising significant economic benefits for both countries.

An economic turning point for Sisak-Moslavina

The Petrinja Chicken Company has marked a very significant turning point for the infrastructure and economic development of Sisak-Moslavina County as a whole, as well as for national economic growth. This venture aims to improve connectivity and economic opportunities, strengthening Croatia’s position as a key player in the European poultry market. Meetings in Riyadh, with experts and leaders from around the world, as well as with PCC representatives, has firmly placed Croatia on the map as an ideal country for foreign investments, focused on sustainable and green business.

As discussions continue and the PCC project gains momentum, the future promises a flourishing investment landscape in Croatia. Prospects for closer Croatian-Saudi economic ties, as well as Saudi investments, confirm the sustainability of the project, and its impact on the development of the Republic of Croatia’s entire economic picture.


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