Business
Italian company signs Bakhsh Abaad dam contract with MoEW
Officials in Ministry of Energy and Water have signed the contract of building the Bakhsh Abaad dam located at Farah Province with an Italian company in Kabul on Wednesday with the cost of $450 million dollars which will be built incoming 18 months, the following dam will produce 27 mega watt of electricity.
Minister of Energy and Water Ali Ahmad Usmani urged National Unity Government is on the edge pushing efforts through to manage Afghanistan’s waters, from now onwards all the development projects will be implemented the soonest.
Meanwhile Farah Governor has mentioned the following dam will irrigate about 10000 acres of lands in 5 districts.
Minister of energy and Water Ali Ahmad Usmani said,” Bakhsh Abaad dam will be built by an Italian company with the cost of $450 million dollars, in 18 months, the following dam will produce 27 mega watt of electricity and has the capacity to bank 1360 million qbc of water and will water 104000 acres of lands.”
During his speech he has warned the companies who are in slow motion in implementation of the projects, their contract will be eliminated.
Governor of Farah Province Asef Nang has demanded the Afghan security forces to ensure security for the following dam.
Head of the Presidential office secretariat Abdul Salam Azimi said,” Farah residents will have close cooperation in ensuring security for the following Dam and even the enemies have stated that we have nothing to do with the dam.”
Based on the information Afghanistan is having 55 billion qbc meter of running water and 20 billion qbc of underground water, in most cases due to no clear policy and well management the following waters are being used for the favor of the neighboring countries.
Reported by Fawad Nassiri
Business
Azizi calls on Malaysian investors to invest in Afghanistan
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
Business
Afghanistan starts exporting via railway to Turkey
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
Business
Afghanistan, Kazakhstan to hold joint expo in Kabul
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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