Work on $70m Gulbahar project kicks off in Kabul

KABUL (Pajhwok): Construction work on the Gulbahar Investment Foundation, a $70 million project, has been launched in Kabul.

During the inauguration ceremony, Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar said Afghanistan was ready for investments more than ever before, as indicated by such mega projects.

He referred to the Islamic Emirate’s support to national businessmen, calling their security the responsibility of the caretaker government.

Baradar promised the people would witness the implementation of infrastructure projects in near future, including the reconstruction of of a key railway line and highways in the country.

He urged Afghan businesspeople and investors living abroad to return and support their compatriots by investing in their own country.

Mohammad Younis Mohmand, director of the chamber of commerce and industry, said investments in different sectors constituted a key source of development.

Ghulam Rabbani Rabbani, executive head of the Gulbahar Investment Foundation, said the $70 million project included the construction of a 30-storey complex, 260 shops and 300 apartments.

sa/mud