Russia signs MoU on investing with MoUD

 Russia Government has announced its readiness to invest in Afghanistan on different sectors especially on energy and constructions.

Officials in Ministry of Urban development and housing have stated that a memorandum of understanding has been signed with Russia envoy which enables Russia investors to come to Afghanistan and invest on different sectors.

Ministry of urban development and housing Nafisa Nimati said,” We have signed a memorandum of understanding with Russia Government to work as partner with Afghanistan Government on construction sector.”

Meanwhile reports indicate that a number of Arab companies were encouraged to invest in Afghanistan, officials in private companies have mentioned that fears still stance on existence of corruption in Afghanistan.

A member of private company Union Zaiulhaq Zia said,” different companies are interested to invest in Afghanistan one thing which stop them is the existence of corruption.”

Officials in Ministry of urban development and housing have hoped to see the hundreds of Afghans to get hired by beginning of the construction projects.