KIEV, Aug. 14 – Austrian developing company Meinl European Land Ltd. is to invest EUR1.2 billion by 2016 in the construction of trade centers in Ukraine, Interfax-Ukraine reported, citing Kiev-based Acteeum Ukraine LLC, which represents the Austrian company's interests in Ukraine.

"The budget of Meinl European Land Ltd. for the construction of trade centers in Ukraine is EUR1.2 billion," said Marta Pryimak, the commercial manager of Acteeum Ukraine LLC.