An economic delegation from Ukraine on Sunday was briefed by officials from the Ministry of Economy about investment incentive in the UAE during talks about ways of strengthening economic relations and expanding cooperation the two countries in a number of vital sectors between.

The delegation included Ukrainian government officials led by Daniel Bilak, Chief Investment Advisor to the Prime Minister of Ukraine, and Director of the Ukraine Investment Promotion Office, Yuri Tkachenko, Governor of the Cherkassy region, and a number of Ukrainian investors and businessmen.

Juma Mohammed Al Kait, Assistant Under-secretary of the Ministry of Economy noted that trade between the UAE and Ukraine, including through free zones, stood at US$462.2 million in 2015, and at $225.3 million in the first half of 2016.

The UAE seeks to develop a highly competitive knowledge-based economy, Al Kait said.