Sectors of Ukraine’s reconstruction where Thai business can compete

April 23, 2026

This series of three interlinked articles examines how Thailand can help move support for Ukraine from the sphere of humanitarian assistance into the sphere of long-term economic partnership, while also expanding Ukraine’s practical engagement with ASEAN through the bloc’s available external-relations mechanisms. The backdrop is the rapid growth of Ukraine’s recovery needs: the latest Recovery and Reconstruction Needs Assessment (RDNA5), prepared by the Government of Ukraine together with the World Bank, the European Commission and the United Nations, estimates recovery and reconstruction needs at approximately US$588 billion over the next decade, with direct damage exceeding US$195 billion as of Dec 31, 2025.

At the same time, Thai political and media discussion reflects Ukraine’s interest in stronger economic coordination with Thailand — including the idea of a dedicated trade representative or envoy to Kyiv to help structure reconstruction-related cooperation. This builds on existing official contacts, including discussions of support for recovery and reconstruction and of Ukraine’s relations with ASEAN within Thailand–Ukraine political consultations.

For the ASEAN–Ukraine dimension, it matters that ASEAN in 2022 publicly called for restraint, de-escalation and a peaceful settlement based on international law and the UN Charter, without directly naming the Russian Federation. Thailand, for its part, voted in favour of UN General Assembly Resolution ES-11/1 condemning aggression against Ukraine. This creates a political bridge for pragmatic economic formats without moving outside ASEAN’s consensus-based approach to dialogue.

Lead. Ukraine’s reconstruction is not a single megaproject. It is a complex ecosystem of thousands of projects across infrastructure, energy, housing and security. For Thai companies, this represents a broad and diversified opportunity landscape.

RDNA5 data shows that the largest long-term needs are concentrated in transport (over US$96 billion), energy (about US$91 billion), and housing (around US$90 billion).

Housing and modular construction. Around 14% of Ukraine’s housing stock has been damaged or destroyed, affecting more than three million households. Modular and prefabricated solutions — already being piloted in Ukraine — offer a rapid bridge between destruction and rebuilding. Thai firms with expertise in construction systems and materials could play a significant role here, including through localised production.

Energy and distributed generation. Ukraine requires nearly US$91 billion in energy reconstruction, with the focus increasingly on resilience: distributed generation, microgrids, renewable energy, cogeneration, and energy efficiency. This aligns closely with Thailand’s growing capabilities in energy technology and services.

Transport and logistics. Transport remains the largest reconstruction category. Needs include roads, bridges, ports, railways, logistics hubs and digital supply-chain systems. Thai companies can contribute not only materials and engineering solutions, but also operational and logistics expertise.

Demining and territorial security. With an estimated cost of nearly US$28 billion, removing explosive remnants of war is a prerequisite for economic recovery. Without it, neither agriculture nor construction can function. This opens opportunities in equipment supply, training, and participation in consortium-based programmes.

Agriculture and food systems. Ukraine’s agricultural recovery needs exceed US$55 billion. Thailand has already signalled support for food-security-related cooperation and agricultural recovery, creating scope for projects in irrigation, storage, processing, bioenergy and soil-restoration technologies.

How to enter the market efficiently.

Use transparent procurement platforms such as Prozorro and its public information tools for international participants.

Structure projects with guarantees and risk-mitigation instruments, including EU frameworks designed to mobilise private capital.

Move from export-only models to local partnerships and joint ventures capable of long-term execution and servicing.

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Website: thaiukraine.org

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