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Investment
October 2020 www.intellinews.com I Page 10
$1bn data centre worth $1bn to be built in Ukraine
The Ministry of Digital Transformation of Ukraine and international technology holding TECHIIA signed a memorandum of co-operation on the development of the information technology industry, construction of data centres, development of exports and STEM education. It also envisages the building of the first large-scale technology project in Ukraine, which will solve the global problem of high-speed data processing.
This co-operation implies the implementation of the Ecotechnopark project in the Kherson region. At its core is the data centre with a capacity of up to 500 MW, which will perform the functions of storage, data processing and 3D-rendering, reads the TECHIIA press release.
It is planned to attract at least $200mn in infrastructure investments for the implementation of the first phase of the project. The data centre will maintain the equipment worth about $1bn. And at least 200 jobs will be created.
"Ukraine is a digital country in which IT innovations are developing rapidly. We have set ourselves the goal of doubling the share of the IT sector to 10% of Ukraine’s GDP, and such co-
operation contributes to the development of the technological ecosystem and the acceleration
of the country’s digital transformation,"
Mikhail Fedorov, Ukraine's Minister of Digital Transformation, said in a statement on Ukraine's investment agency's website.
"The construction of such a powerful data centre will allow Ukraine to provide high-speed data processing services and create new jobs," he went on to say. "I am confident that our country is able to become the most powerful IT hub in Central and Eastern Europe, which will attract international investment in Ukraine and strengthen our position in the world."
"Ecotechnopark is a new niche for large-scale investments in the Ukrainian IT industry,"
added Yura Lazebnikov, managing partner at TECHIIA holding. "We have everything for that.
A convenient location between Europe and Asia for big foreign customers, cheap electricity, fast and high-quality internet. And the most important thing is talent. We are grateful to the Ministry
of Digital Transformation for its support and desire to strengthen the technology reputation of our country."
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