Agriculture, minerals, and energy top investment priorities for Ukraine reconstruction: PwC white paper

The Ukrainian economy needs around $524 billion of investments during the next ten years for its recovery and growth, the RDNA4 report by the World Bank says. Investing strategically in recovery and modernization is crucial for Ukraine's EU accession and long-term stability, and offers a chance to rebuild and strengthen key sectors. According to PwC, the key industries offering significant opportunities are agriculture, energy, and mineral wealth.

A new PwC white paper “Exploring Reconstruction Investment Opportunities in Ukraine: A Strategic Approach for Investors” highlights the need for investment in the aforementioned areas and outlines the incentives offered to those who are ready to take part in the recovery of Ukraine.    

Agriculture. The Ukrainian agricultural sector is currently in strong need of funding and requires approximately $55 billion for its recovery. Investments in modernized farming techniques and supply chain improvements are expected to enhance productivity. Emerging tools—such as data-driven crop analysis and automated irrigation systems—are helping improve efficiency and resource management, supporting sustainable long-term growth.

Mineral wealth. Ukraine's mineral deposits, such as iron ore, coal, and rare earth elements, are crucial for numerous industries. Improvements in extraction technologies are making investments in these resources more efficient and sustainable. 

Energy. The energy sector demands around $68 billion in investment for its recovery. The Ukrainian government offers significant incentives to those who focus on renewable energy. To ensure long-term resilience within the energy sector, it is crucial to leverage enhanced grid management and predictive maintenance systems that optimize energy distribution and lessen operational risks. 

Ukraine will also need around $78 billion in infrastructure investment, including roads, bridges, housing, and core industries. The housing sector requires approximately $84 billion.

Oleksiy Katasonov, Partner, Tax, Legal, and People Leader at PwC Ukraine, stated:

"With its need for investment, Ukraine offers incentives for those interested in funding strategic projects and taking part in the country’s recovery. Primarily, we may consider the industrial parks regime that includes tax exemptions, customs duty reductions, and direct financial support programs. Also, projects valued over €12 million may get benefits of up to 30% of the value of CAPEX from the state. Other anticipated legislative changes are on their way to attract more investment."

Daniel Anghel, Country Managing Partner, PwC Romania, said:

"Despite geopolitical and economic risks, Ukraine has demonstrated remarkable resilience by strengthening its legislative framework to create attractive conditions for investment in the country's reconstruction and sustainable development".

Lev Holubec, Deals Partner at PwC US, added:

"Investors are rightly cautious—but Ukraine presents a rare combination of scale, urgency, and potential returns. Opportunities in agriculture, energy, mineral resources, and infrastructure are being reshaped by reform and innovation. We’re helping clients move beyond the headlines to assess real investability—and to craft and test strategies that can succeed in this evolving environment."

The expected changes encompass draft laws on the simplification of public-private partnerships. The suggested documents are aimed at creating updated guidelines for project assessment and financing methods and attracting more foreign direct investment. Another step that has to be taken is to develop a new, transparent regulatory framework for industrial parks focused on sustainable development. Finally, reform is required to simplify bureaucratic barriers to investment, such as excessive regulation and complex processes for obtaining permissions and licences.  

About PwC

At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. 

PwC has been present on the Ukrainian market since 1993. The headquarters of the firm is in Kyiv with full service offices in Lviv and Dnipro. Our team of more than 1,000 professionals is committed to delivering quality in assurance, tax, legal and advisory services.   

Find out more at https://www.pwc.com/ua/en.html