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Turkish companies and traders to invest in Afghanistan: officials

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(Last Updated On: December 20, 2021)

Turkish companies and traders will invest in Afghanistan in the near future, said Zabihullah Mujahid, deputy minister of information and culture and spokesman for the Islamic Emirate of Afghanistan in a tweet.

According to Mujahid, Turkish foreign minister Mevlüt Çavuşoğlu said in a meeting with Afghanistan’s acting foreign minister Amir Khan Muttaqi, in the sidelines of Organization of Islamic Conference (OIC) forum, that Turkish companies and traders are looking at opportunities in the country.

“Turkish foreign minister said that Turkey’s companies and traders will come to Afghanistan,” said Mujahid.

Afghan businessmen said that conditions for investment have been fulfilled.

According to them Turkish investors have held talks with Afghan official about investment.

“Turkey (Turkish people) were seen in Afghanistan. They met with chamber of industries and mine, and the private sector. Optimism is high that Turkey will invest in Afghanistan,” said Sakhi Ahmad Paiman, deputy head of the Chamber of Industries and Mines.

Analysts say that economic development can bring an end to the current economic crisis.

The analysts also blamed the international community for the current crisis in the country.

“Islamic Emirate has taken serious steps… first in security, second in transparency and third removing financial bureaucracy. These important factors can provide opportunity for investment,” said Tajuddin Talish, an economic analyst.

This comes as China’s embassy in Afghanistan warned its companies and citizens on Friday not to “blindly” visit the country to inspect mineral resources, after reports of foreigners being detained without exploration permits, Reuters reported.

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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