Foundation stone of a large iron melting factory laid in Kabul

The foundation stone of a massive iron melting factory, a $ 120 million private sector project was laid on Wednesday in Kabul.

Officials say that it is scheduled that the factory to be prepared up to the next six months and it is expected that the employment filed provided for nearly a thousand people.

Afghanistan is considered a rich country in terms of having massive iron riches, with the country’s ore resources has been listed among the biggest iron mines of the world.

In the light of investigation and exploration, Afghanistan is known a rich country because of the existence of precious stones of iron and other natural resources.

“The factory will melt irons 3 hundred tones daily. We will more focus on manufacturing sector and the factory will be unique in the region with the sign of “Khan”,” Khan Muhammad Wardak, investor said.

Meanwhile, the ministry of economic announced to make the investment opportunities more in the country.

“We praise this investment and the National Unity Government is ready to provide favorable conditions for investors,” Abdul Satar Murad, minister of economic said.

The Chamber of Commerce also hopes that the National Unity Government to do more efforts for attracting investments in the country.

“Everyone have eye to the government that the given commitments fulfill, especially the private sector,” Khan Jan Alkozai, deputy of chamber of commerce and industry said.

According to statistics, currently 13 iron melting factories are operating in the country which melts around 600 tons of iron daily.

Despite being one of the poorest nations in the world, Afghanistan may be sitting on one of the richest troves of minerals in the world, valued at nearly $1 trillion.

This comes as the mineral riches could lift Afghanistan out of poverty and fight crime and terrorism.