A Chinese company has announced plans to invest 64 billion AFN in establishing an iron smelting factory in Baghlan province.
Qari Abdul Jalil Entiqam, spokesman for Baghlan’s governor, told Bakhter News Agency that Governor Mawlavi Abdul Rahman Haqqani recently met with Li Jun, representative of the Chinese firm “East Sun,” to discuss investment in local iron mines and the construction of a steel smelting plant.
According to the spokesman, the factory will be built on approximately 30 hectares of land over a three-year period, pending the confirmation of at least 15 million tons of iron ore reserves.
The project is expected to generate between 3,000 and 5,000 direct job opportunities for local residents.
Meanwhile, Mawlavi Obaidullah Muaz, head of Baghlan’s mining department, emphasized that the province holds substantial iron reserves. He noted that the new factory could enable Afghanistan to produce its own rebar and other steel products, significantly reducing reliance on imports.
