Connect with us

Business

Afghanistan, Uzbekistan sign $300m worth of trade agreements

Turdimov underscored the long-standing historical and economic links between the two nations and noted the active role of Afghan traders in the Syrdarya region.

Published

on

Afghanistan and Uzbekistan have signed 25 commercial memorandums of understanding worth more than $300 million, marking a significant boost to bilateral economic cooperation.

The agreements were concluded at a trade connectivity conference attended by Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, and the Governor of Uzbekistan’s Syrdarya region, Erkinjon Turdimov, along with senior officials and business leaders from both countries.

Azizi said there is strong political and economic momentum behind expanding bilateral ties, noting that trade between the two sides has grown at an unprecedented pace in recent years. He added that both countries aim to increase trade volumes in 2025 compared to 2024, pointing to significant untapped potential.

He also highlighted preferential trade arrangements covering eight Afghan export items and six Uzbek products.

Turdimov underscored the long-standing historical and economic links between the two nations and noted the active role of Afghan traders in the Syrdarya region.

He called for deeper cooperation in industry and manufacturing, encouraged joint development projects, and outlined Uzbekistan’s investment opportunities, including access to European export markets.

The newly signed agreements span key sectors such as construction, food products, agriculture, furniture, textiles, and pharmaceuticals, reflecting growing private-sector confidence and signaling a new phase in Afghanistan–Uzbekistan economic partnership.

Business

$2 million rice processing factory project launched in Baghlan province

Investor Ghulam Nasir Barakatzai said the factory is being constructed at a cost of $2 million and will create both direct and indirect job opportunities once operational.

Published

on

Construction work has begun on the first rice processing factory in Afghanistan’s northern Baghlan province with a $2 million investment by a national businessman, in a move officials say will support economic growth, strengthen domestic production and create employment opportunities.

The factory is being built in the Chamqala Industrial Park in Baghlan’s central district. The inauguration ceremony was attended by local officials, representatives from the Department of Industry and Commerce, tribal elders and local residents.

Speaking at the event, Baghlan Governor Abdullah Mukhtar said the Islamic Emirate has created favorable conditions for investment and is supporting national traders in different economic sectors.

He said industrial projects such as the rice processing factory could play an important role in boosting the economy, increasing domestic production and creating jobs for local communities.

Mohammad Naim Hamkar, a representative of the provincial Department of Industry and Commerce, described the project as a major step toward developing the industrial and agricultural processing sector in the province.

According to Hamkar, the facility is the first rice processing factory in the Baghlan Central Industrial Park and is expected to strengthen the province’s agricultural industry.

Investor Ghulam Nasir Barakatzai said the factory is being constructed at a cost of $2 million and will create both direct and indirect job opportunities once operational.

He said the aim of the project is to support domestic production, develop the agricultural sector and provide employment opportunities for young people.

Barakatzai added that investors remain committed to expanding industrial and economic investments in Baghlan and contributing to greater economic self-sufficiency in the province.

Local elders and residents welcomed the project, describing it as an important step toward reducing unemployment and strengthening the local economy.

Officials say the factory is expected to process large quantities of rice daily and could help boost agricultural output while contributing to greater stability in the domestic market.

Continue Reading

Business

Chinese and Uzbek investors express interest in Afghanistan’s mining sector

During the meeting, the investors reportedly welcomed what they described as improved nationwide security and a more favorable investment environment under the Islamic Emirate.

Published

on

Afghanistan’s Ministry of Mines and Petroleum says a group of investors from China and Uzbekistan have shown interest in investing in the country’s metallic and non-metallic mining sector.

According to the ministry, Deputy Minister for Finance and Administration Hasamuddin Saberi held talks with the foreign investors to discuss potential investment opportunities in Afghanistan’s mining industry.

During the meeting, the investors reportedly welcomed what they described as improved nationwide security and a more favorable investment environment under the Islamic Emirate. They also expressed readiness to invest in a range of mining projects across Afghanistan.

Saberi welcomed the interest shown by the Chinese and Uzbek delegations and said the Ministry of Mines and Petroleum would provide the necessary cooperation to facilitate investment in accordance with Afghanistan’s mining laws and procedures.

Afghanistan is believed to possess significant untapped reserves of minerals and rare earth resources, and the Islamic Emirate has repeatedly called on foreign investors to participate in the development of the country’s mining sector.

Continue Reading

Business

Afghanistan signs $46 million deal to develop standard laboratory complexes

Published

on

The Office of Mullah Abdul Ghani Baradar has announced a contract worth over $46 million for the construction and outfitting of standard laboratory complexes in Kabul and nine major ports across Afghanistan.

The agreement, signed Wednesday at the Government Media and Information Center, was finalized between Faizullah Tamim, head of the Standards and Quality Authority, and representatives of the Indian international firm TCRC, according to a statement from the Deputy Prime Minister for Economic Affairs Office.

Under the five-year deal, TCRC will establish modern laboratory complexes in the capital and key ports, install advanced equipment, renovate existing facilities, and introduce foreign specialists to strengthen the professional capacity of the authority’s staff.

The project will also provide domestic and international training programs for technical employees and support efforts to secure internationally recognized quality certifications from the International Organization for Standardization (ISO).

Officials said the initiative aims to improve Afghanistan’s quality control systems and enhance standards infrastructure nationwide.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!