KABUL: The Ministry of Industry and Commerce, in a statement said today that seven industrialists returning from Iran and Pakistan are transferring their investments worth $26 million to Afghanistan and plan to invest in various sectors.
According to the statement, a meeting of the committee on “Facilitating Traders and Returning Industrialists,” chaired by Nooruddin Azizi, the Minister of Industry and Commerce, reviewed the documentation of these industrialists and deemed them eligible for benefits that the Islamic Emirate has in place for investors willing to move their assets to the country.
The statement highlights that these industrialists will establish factories in sectors such as ‘production and packaging of materials, grease and antifreeze, raw plastic materials and plastic products, food items (chips, biscuits, and cakes), plastic rolls, artificial turf and flowers, motor oils (various oils and antifreeze), as well as creating a factory for plastic baskets and refrigeration facilities`.
The Minister of Industry and Commerce emphasized the need for a positive approach towards traders and industrialists returning to the country.
It is noted that during the meeting, documentation for eight industrialists was presented, of which the records for seven were approved.
Seven returning industrialists to invest $26 million in Afghanistan
