Shmyhal predicts "real boom" in Ukrainian weapons production after war

The head of government said this during a speech at the Conference on Ukraine's Recovery, which is taking place in London, an Ukrinform correspondent reports.

"The military-industrial complex. Many Ukrainian weapons and equipment prove their effectiveness on the battlefield. Even now, European companies are increasingly considering the possibility of building production facilities in Ukraine. After the war, we expect a real boom in the development of this sector in Ukraine," Shmyhal said.

According to him, there are also chances for the development of the agricultural sector. Ukraine is already a leader in the cultivation of many crops, and thanks to government incentives and investments, it will be able to develop even more actively.

According to the Prime Minister's forecast, the energy sector will also receive a boost, as there is a huge potential in the energy sector, in gas production, storage, and hydropower.

As for the infrastructure, Shmyhal noted that the damage caused by the war unleashed by Russia has already exceeded $100 billion, so the government will offer international partners various options for cooperation to help restore the infrastructure.

"IT. We are determined to become one of the leaders and we have and are 

currently offering benefits and conditions for the development of this sector and for attracting the private sector. Those who invest in Ukraine today will have extraordinary opportunities and prospects in the coming years," the Prime Minister added.

As reported by Ukrinform, the International Conference on the Reconstruction of Ukraine will allow to coordinate the efforts of the Ukrainian government, the European Commission and other international partners to quickly restore Ukraine, which should begin before the end of the war.

The World Bank estimates that at least $14.1 billion is needed for Ukraine's rapid recovery in 2023. After the Russian terrorist attack on the Kakhovka hydroelectric power plant, the urgent needs increased. In general, Ukraine will need at least $411 billion over the next decade to rebuild what the enemy has destroyed.

Government officials and domestic and foreign experts are working to accurately assess the damage caused by the aggressor.