The Inter-Ministerial Investment Committee of the Economic Deputy of the Prime Minister’s Office has announced the approval of various investment projects worth 12 billion afghani.
According to a press release from the Economic Deputy of the Prime Minister’s Office, the investment projects include extending transmission lines and solar energy production, constructing residential townships, establishing electronic gate complexes, installing scanners at ports, and building commercial markets.
The press release said that the practical work on the proposed projects will begin after the approval of the Economic Commission.
Abdul Rahman Habib, spokesperson for the Ministry of Economy, said: "The Inter-Ministerial Investment Committee has provided the necessary facilities for creating a suitable environment, processing investment proposals under a unified framework, ensuring transparency in investment processes, and establishing effective coordination between investors and the relevant ministries. This has sparked the interest of both domestic and foreign investors in various sectors, mainly in infrastructure, energy, agriculture, industry, and other sectors."
Some economic experts also consider investment in infrastructure projects beneficial for job creation and poverty reduction in the country.
Abdul Zahoor Madbar, an economic analyst, told TOLOnews: "Investment is one of the key components of the business and trade process, and it directly impacts national income and GDP."
Seyar Quraishi, another economic expert, said: "New economic initiatives can lead to increased production and revenue, which will contribute to the country’s economic growth and positively impact the gross domestic product GDP nationwide."
The Economic Deputy of the Prime Minister’s Office previously announced that major domestic and foreign companies had expressed interest in investing around $5.348 billion in various projects in Afghanistan.