China, Iran, Turkey, and Uzbekistan Lead Mining Investments in Afghanistan
The Ministry of Mines and Petroleum says that the largest investments in Afghanistan’s mining sector have been made by companies from Uzbekistan, China, Turkey, and Iran.
Hayatullah Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the total value of these investments is estimated at eight billion dollars.
These companies have invested in Afghanistan’s copper, gold, iron, cement, and oil and gas mines.
Emphasizing that numerous facilities are now available for both domestic and foreign investors, Afghan said: “The biggest investors in Afghanistan’s mining sector are companies from Uzbekistan, Turkey, China, and Iran, which have invested in oil and gas, cement projects, and copper, gold, and iron mines.”
The Ministry of Economy believes that foreign investments in various sectors of the country play a vital role in economic growth.
Abdul Rahman Habib, spokesperson for the Ministry of Economy, said: “Our country has considerable economic potential, especially in mining, agriculture, energy production, and other sectors. At present, the necessary opportunities and facilities for attracting foreign investment are available.”
Ahmad Firdaws Behgozin, an economic analyst, said: “Foreign investors can be effective inside Afghanistan, especially since they have access to advanced machinery. Mining is a very delicate and sensitive sector.”
This comes as, following the return of the Islamic Emirate to power and the improvement in security, some foreign companies have shown interest in investing in Afghanistan.
