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IEA announces mining deals worth over $1 billion with Uzbekistan
These were among 35 agreements and memorandums of understanding signed recently with Uzbekistan – MoUs worth $2.5 billion.
The Islamic Emirate of Afghanistan (IEA) has signed five mining agreements with Uzbekistan worth $1.15 billion.
These were among 35 agreements and memorandums of understanding signed recently with Uzbekistan – MoUs worth $2.5 billion.
The deals in the mining sector include the geological survey of the hydrocarbon reserves in the Afghan-Tajik oil basin, geological surveys of the copper and gold reserves in the Qandalan area of Zabul province, generation of 120 MW gas-based electricity, geophysical and geological survey of gas and oil reserves in the Toti Maidan area of Faryab province, and the geological survey of the iron reserves in the Hesh area of Bamiyan province.
Trade relations between Afghanistan and Uzbekistan has been deepening especially after Uzbek Prime Minister Abdulla Aripov this month became the highest-ranking foreign leader to visit Afghanistan since the IEA returned to power in 2021.
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Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
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