Ukraine Becoming The Most Promising Market For Defense Industry Investment Shmyhal

2025-10-17 10:06:03

(MENAFN- UkrinForm) As reported by Ukrinform, citing the Ministry of Defense press service, Shmyhal highlighted plans to launch joint production facilities with international partners both within Ukraine and abroad.

“In line with the President's directive, we are creating new mechanisms to support domestic enterprises. Over the past three years, our defense production capabilities have increased 35-fold,” he stated.

Ukraine's defense ecosystem now includes around 900 enterprises - approximately 100 state-owned and 800 private enterprises - and nearly 1,000 teams of engineers and developers working daily on innovation. The country's defense-industrial potential in 2025 is estimated at $35 billion.

This year marks a new phase in the development of Ukraine's defense industry, with joint ventures launching domestically and internationally, and investments flowing in to scale production systematically. Shmyhal noted that 25 foreign companies, including global defense giants, are currently at various stages of localizing their operations in Ukraine.

These projects span a wide range of defense needs - from conventional artillery to cutting-edge unmanned systems powered by artificial intelligence.

Read also: Ukraine and Poland sign letter of intent on defense industry cooperation

More than 40% of the weapons used on the front lines today are Ukrainian-made. Ukraine's combat experience and battlefield-tested technologies are attracting interest from partners worldwide, underscoring the effectiveness of its approach to building industrial capacity.

“We are ready to share our expertise by launching large-scale industrial projects with partners. This strengthens the capabilities of the Ukrainian army and lays the foundation for technological superiority for Ukraine and its allies,” Shmyhal emphasized.

As previously reported by Ukrinform, during his visit to Luxembourg, Minister Shmyhal held meetings with government officials and parliamentarians to discuss the key needs of the Ukrainian army.

MENAFN17102025000193011044ID1110213342

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.