Commercial township worth 800m afs being built in Kabul

KABUL (Pajhwok): Around 600 Afghan businessmen are collaborating to construct a commercial township in District 22 of Kabul city, with a total investment of 800 million afghanis.

Abdul Basir Mashal, an official from the “Afghan Commercial Township” project, announced at an event in Kabul today that the development will span 200 acres of land owned by the Ministry of Agriculture, Irrigation, and Livestock.

He said that the project included construction of approximately 1,500 small and large warehouses designated for commercial goods. These facilities will be used to store, process, and eventually export products to various international markets.

Mashal noted that many of the 600 investors were returnees from abroad, particularly from neighboring countries. These businessmen are primarily involved in importing goods from Europe, storing them in Kabul, and then re-exporting them to other Asian nations.

One of the investors, Haji Jalaluddin Qasemi, said the businessmen are building warehouses for their own use, aiming to streamline their logistics and expand their commercial activities.

At the event, Sheikh Noorul Haq Anwar, Director General of the Administrative Office of the President, highlighted that in the past, many Afghan investors were compelled to leave the country due to insecurity and other challenges.

However, he said, with the establishment of a stable Islamic government, more investors are returning and are now keen to reinvest in Afghanistan.

He emphasized that the improved security situation has ensured the protection of both the lives and property of investors, creating a more favorable environment for business and economic development.

sa/ma