Business
US to Convert 8 Military Bases into Industrial Centers in Afghanistan
Officials in US Government have decided to convert the 8 military basses located in different parts of Afghanistan into industrial and investments center.
Afghan officials in Ministry of Commerce and Industry and Chamber of Commerce and industry have stated that by finding those 8 military bases converted into a business centers the Afghanistan economy will boost.
Both Afghan-US officials have commented that business has remarkable been down in Afghanistan specially by the International investors.
Afghan officials in chamber of commerce have reported that for drawing of more International investors a joint business summit will be held on December 2015.
Member of the chamber of commerce of Afghanistan-US Asad Matin said,” There will be business centers built in different main cities of Afghanistan in order to boost the Afghanistan’s economy in those military centers.”
Deputy of the chamber of commerce Khan Jan Alokozia said,” there are 3 main problems on drawing international investors attention, such security protecting the investments,corruptions,no basic work has been done on infrastructures in Afghanistan.”
Afghan Businessman Mahmood Karzai said,” the National Unity Government should have different policy drawing international investors’s attentions, those policies will encourage both sides to invest in Afghanistan.”
Though the slogan of National Unity Government has been drawing the investors attention but yet to see any investors to invest in Afghanistan due to different problems.
President Ghani in his speech had said that form the remaining months the National Unity Government leaders will focus on boosting economy in Afghanistan.
Reported by Mohammad Aslam Ihjab
The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.
According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.
Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.
Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.
Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.
Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.
The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.
The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.
The forum is held between May 14 and 19.
The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.
More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.
Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.
Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.
“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.
Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.
Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.
Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.
This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.
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