Business
Afghanistan Signs $11M Deal to Build Prefab Housing Factory
Afghanistan on Saturday signed a contract with a Turkish company to establish a factory that could build prefabricated buildings across the country.
The contract was signed between the Afghan Ministry of Urban Development and Vefa Group, a Turkish company, at the Afghan presidential palace.
Construction of the factory is estimated to cost $11 million which will be funded by the government of Afghanistan.
The Afghan Minister of Urban Development said based on our requirements we are making efforts to provide enough facilities for the construction industry.
“By building this factory and producing prefabrication materials we can build schools, hospitals, universities, affordable houses and other installations that will help in quality, cost and time of construction,” Urban Development Minister Sayed Sadat Naderi said.
The Turkish company will cooperate with the Ministry of Urban Development in capacity building and providing equipments.
“Now, we are switching to a stage where we will give our intense efforts in coordination and cooperation before the factory is ready for production, we will start training Afghan engineers and technical teams in Vefa Factory in Turkey” Orhan Guner, the head of the Turkish company said .
The factory will begin its work with 37 machineries and the construction work of the factory is expected to be completed in another 12 months. According to officials the factory will produce 300,000 cubic meters of prefabricated building materials annually.
Reported by: Lyda Nyazi
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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