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Foundation stone of new industrial park laid in Balkh province

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(Last Updated On: November 27, 2023)

The foundation stone of a new industrial park in Balkh province was laid on Sunday in the presence of officials, elders and members of the private sector.

Speaking at a ceremony to mark the occasion, Noorul Hadi Abu Adris, deputy governor of Balkh province, emphasized the need for the Islamic Emirate of Afghanistan (IEA) to encourage and support the private sector. He said: “In order to solve the problems, serious measures and such projects are implemented for the development of the country.”

Syed Mohammad Naeem Mohammadi, general director of industrial parks of the ministry of commerce and industry, thanked the authorities for handing over the land, and setting up this park. He asked businessmen and investors to invest in the park.

The Ministry of Commerce and Industry said that they have allocated about 4,000 acres of land for the industrial park; the first phase will include 244 acres of this land, where a commercial center will be built.

As well as the center, 3.6 kms of walls will be built along with 10 kms of roads. This will be completed within six months. Meanwhile, Nooruddin Azizi, acting minister of commerce and industry, has inaugurated Boost Industrial Estate and National Industrial Estate in Helmand Province.

The press office of the ministry has published a newsletter saying that Azizi said the opening of industrial parks was part of their efforts to industrialize Afghanistan.

Boost Industrial Town covers 175 acres of land and National Industrial Town is on 2,000 acres of land in Helmand province.

The acting minister of industry and trade added that: “The opening of industrial towns in the country, the transformation of Afghanistan from an economy dependent on imports to an economy dependent on exports is the priority of the economic policy of the Islamic Emirate.”

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A company will invest $27.5 million in ruby mining on the outskirts of Kabul

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(Last Updated On: February 23, 2024)

The Ministry of Mines and Petroleum on Friday announced that Ariana Highland Company will invest $27.5 million in the extraction of Jegdalek ruby mine on the outskirts of Kabul.

In a statement, the ministry said that the bidding ceremony for the mine was held again with the participation of Ariana Highland and Mirza Sultani companies, adding that the former won it by accepting 44 percent share for the Islamic Emirate.

Based on the statement, Ariana Highland Company will spend $5 million in the social services.

Jegdalek ruby deposit is located 100 km from Kabul city, in the southwest of Surobi district, and it covers 6.9 square kilometers.

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MoU signed for start of Trans-Afghan railway feasibility studies

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(Last Updated On: February 20, 2024)

The Afghanistan Railway Authority (ARA) announced on Tuesday a memorandum of understanding (MoU) had been signed for feasibility studies on the Trans-Afghan railway project.

ARA said that the head of the organization, Bakhtur Rahman Sharafat, signed the MoU during his visit to Uzbekistan on Monday. The MoU was signed between Uzbek and UAE officials and Afghanistan.

ARA said once the feasibility study has been completed, results will be shared with various stakeholders including financial institutions, countries and businessmen from Afghanistan, Uzbekistan and Pakistan.

Officials attending Monday’s meeting also decided a virtual meeting would be held on Wednesday with Qatari and Pakistani officials.

The Trans-Afghan railway once completed will connect Central Asia with South Asia.

Starting in Balkh’s Mazar-e-Sharif, the 647km line will pass through Samangan, Baghlan, Bamiyan, Maidan Wardak, Logar and Paktia provinces and on to Pakistan.

This project has been under discussion for many years. After regaining power, the Islamic Emirate approved the initial survey which was successfully completed by the technical teams of Afghanistan, Uzbekistan, and Pakistan Railways.

ARA has meanwhile said it once again invites countries, financial organizations and businessmen to invest in Afghanistan railway projects.

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Import, export volumes total $7.5 billion in 1st nine months of this solar year

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(Last Updated On: February 19, 2024)

Afghanistan’s export and import volumes totaled $7.5 billion in the first nine months of this solar year – 1402, the National Statistics and Information Authority (NSIA) said on Monday.

NSIA said exports totaled $1.35 billion while imports amounted to $6.22 billion.

Last solar year, 1401, saw exports total $1.37 billion while imports totalled $5.12 billion.

NSIA said most exports went to Pakistan ($689.9 million), followed by India ($463 million) and the UAE ($32 million).

The most popular export item was dried fruit, which totaled $342.7 million. Medicinal plants, minerals and fresh fruit were second, third and fourth respectively.

The authority stated that the most imported items in the first nine months of this solar year came from Iran and totaled $1.31 billion.

Goods from Pakistan followed totaling $1.15 billion and then China with goods worth $1.14 billion.

Imports were dominated by fuel, petroleum and gas, at $1.1 billion, followed by machinery, vehicles and spare parts which totaled $691.9 million.

Other high volume goods included textiles, metals and metal products.

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