UKRAINE AND KINGDOM OF SAUDI ARABIA: ESTABLISHING BILATERAL ONES ECONOMIC RELATIONS

The importance of the Persian Gulf region for Ukraine is due to the significant potential for mutually beneficial trade and economic cooperation. Despite the fact that Ukraine is one of the energy-deficient countries, the possibilities of import or transit of energy from the Gulf states are quite limited. The priorities of Ukraine's policy in the region are the development of balanced, equal and mutually beneficial relations, strengthening Ukraine's economic position in the region's markets, maintaining security at the southern borders of our state, strengthening regional security and stability. Ukraine considers important cooperation in the field of exploration, development, arrangement and modernization of oil and gas fields, design and construction of oil and gas infrastructure, joint production of hydrocarbons in the two countries and attracting investment in the modernization of Ukraine's gas transportation system. The automobile industry can become a promising area of Saudi-Ukrainian cooperation. An important area is cooperation in space, in particular, in the joint production of artificial satellite systems. launch of Saudi satellites. The aim of the article is to analyze the size and relation of commercial and investment between Ukraine and KSA, through finding the figures of the main product or services that changed or procured by the two countries, with raining the main impact factors that effecting the trade on the country level, also witnessed cooperation in various fields, as in 2016 the Kingdom and Ukraine signed agreements, including the double taxation agreement, the investment protection agreement, and the economic and commercial framework agreement for commercial, economic, scientific and technical cooperation. The main exported commodities were plastics and their articles, machinery and machine tools and their parts, fertilizers, and various chemical products, in addition to ready-made clothes. While the main imported commodities in the same year were: cereals, iron and steel (steel), fats and animal or vegetable oils, made of iron or casting (steel), and meat, offal and edible parts.