Tue, Sep

Afghanistan Needs Private Sector's Investment For Self-Reliance: Ghani


President Ashraf Ghani at a ceremony on Wednesday said investment of private sector in the country can help Afghanistan to become self-sufficient.

 Ghani addressed the investors that have invested billions of dollars out of the country, where he called on them to invest their money in the country.
The Alokozay Group invested $350 million USD in Pul-e-Charkhi industrial park where it will make six big factories.
At the ceremony, Ghani said Afghanistan does not have economic independence and businessmen should invest in the country.
"The National Unity Government (NUG) wants to improve the economy of the country through encouragement of private investors in order to free Afghanistan from reliance on foreign aid," Ghani stated.
At the same event, Sayed Sadat Mansour Naderi, Minister of Urban Development, said: "We appreciate that the NUG under the leadership of of President Ghani has the firm commitment to encouraging the private sector and this will help grow the country's economy."
Meanwhile, officials from Alokozay Group said by establishing the six big factories, the volume of Afghanistan's exports will increase, adding that the company will invest in production of construction materials in the future.
"Alokozay is trying to establish productive factories in order to enhance the export volume in the country as well as to create job opportunities for thousands of Afghans," said Khalilullah, representative of Alokozay Group.
In addition to that, the Alokozay Group signed a memorandum of understanding (MoU) with the Ministry of Water and Energy to build the second power dam in Surobi River.
"This dam will be built near the current dam based on international standards. Primary studies for the dam is completed," said Ali Ahmad Osmani, Minister of Water and Energy.