Ukraine’s gas station network OKKO Group says it’s planning to invest $1.5 billion in a new ski resort in western Ukraine in what could potentially be the country’s largest investment in history.
OKKO Group has said it started construction of the Goro Mountain Resort near Slavske — the company is putting $500 million into the resort and plans to attract an additional $1 bn from external investors.
The resort is set to open for skiing in the winter of 2026–2027, with plans for full completion by 2039, and is envisioned as a premium destination to rival Bukovel, Ukraine’s leading ski resort. The project was first announced eight years ago but was delayed. The resort will span 75 kilometers of ski slopes.
The construction is supported by a partnership with the Ukrainian government through its “investment nanny” initiative that provides expedited land allocation and tax exemptions to enhance the project’s viability.
Despite challenges from Ukraine’s shrinking fuel market due to population displacement, OKKO has expanded operations by renovating fuel stations, establishing rapid EV charging stations, and targeting growth in non-fuel retail.
Source: The Kyiv Independent
