Investors poise to infuse nearly $11 billion into opportunities – DPMEA

KABUL (SW) – The Deputy Prime Minister for Economic Affairs (DPMEA) of the de-facto government has claimed that both domestic and foreign investors expressed their readiness to invest in various sectors in Afghanistan.

These sectors include mining, agriculture, health, electricity, infrastructure, and transportation, with a total investment value of 10 billion and 654 million dollars.

Officials at the Ministry of Industry and Trade report an increased interest in investing in Afghanistan. They note that many factories that were inactive after the collapse of the republic have now resumed their activities.

Abdulsalam Javad Akhundzada, the spokesperson for the ministry, told Salam Watandar: “After the changes in Afghanistan, approximately 30% of the companies were active, and now the figures we have are higher than 95% of the factories and companies that were inactive, started to operate again.”

However, Afghanistan has been in a bad economic situation for two years, and according to the statistics of international aid organizations, most of the Afghan citizens are in need of humanitarian aid.

Abdul-Nasir Rashtia, an economic expert, considers the political challenges in Afghanistan as a major barrier to investment. He emphasizes that resolving the current political crisis is crucial to attracting more investments and making optimal use of opportunities in Afghanistan.

“Foreign investors are interested in investing in different sectors in Afghanistan, and if we can solve our political problems with the world, this interest will increase and will help us to reduce poverty in the country,” Rashtia added.

Afghanistan’s reliance on an aid-driven economy has led to an economic crisis, particularly after the collapse of the republic. The Islamic Emirate has been making efforts to address this by signing significant contracts in the oil and mining sector over the past two years, aiming to restore normalcy to the country’s economy.

ENDS

Share: