Turkish firm Aksa Power Generation, responding to the heightened demand for backup electricity generators in Ukraine, has stationed Salih Komurcu in Kyiv to not only manage the current operations but to also prepare for the post-conflict era.
Despite the unpredictable nature of Russia’s conflict with Ukraine and recent challenges dampening spirits in Kyiv, there is mounting interest from various companies in establishing a stronger foothold in Ukraine, eyeing what could be the most significant investment landscape since World War II.
This anticipation is fueled by forecasts, such as one from the European Investment Bank, which suggests that the reconstruction could require over $1 trillion in both public and private funding, potentially surpassing the scale of the post-World War II Marshall Plan’s contribution to Europe’s recovery.
Even as the conflict continues, early signs of rebuilding efforts are evident in Ukraine, with Turkish entities contributing to infrastructure repairs and supplying essential equipment like energy generators and mobile medical units.
However, these initiatives are largely focused on immediate needs rather than long-term reconstruction.
Looking ahead, companies from Germany and Austria are exploring infrastructure and defence projects, JPMorgan Chase & Co. is preparing for “pre-project planning” stages, and Denmark has already contributed €120 million towards revitalizing the shipbuilding industry in Mykolaiv, signalling international interest and investment in Ukraine’s future rebuilding efforts.
“Everyone is building their circles,” said Komurcu, Aksa’s representative in the Ukrainian capital since November. “I want to be in the middle of it, among the people who were here in advance — and knowing everyone.”
