A memorandum of understanding (MoU) has been signed between the Afghanistan Chamber of Commerce and Investment and the Chamber of Industries and Mines to establish a joint-stock company aimed at financing major economic and infrastructure projects and promoting investment in Afghanistan.
The agreement was signed on Tuesday at the Government Media and Information Center in the presence of Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs.
Speaking at the ceremony, Baradar said the new company would provide a structured mechanism for mobilizing private capital to finance large-scale economic and infrastructure projects.
He said the private sector has a key role to play in Afghanistan’s economic growth, particularly in boosting domestic production, creating jobs, expanding exports and financing major development projects.
Baradar said the company would pool the capital of traders, industrialists and investors under an organized, transparent and legal framework, allowing their combined resources to be used for major projects.
He also said the Islamic Emirate had created a secure environment for investors and industrialists and was working to streamline administrative procedures, provide legal and economic facilities, and remove barriers to investment.
Baradar called on traders, industrialists and investors to pool their resources and jointly invest in Afghanistan’s economic development. He also urged government institutions to provide comprehensive support to the private sector.
Under the agreement, the joint-stock company will focus on implementing infrastructure projects across various sectors and is expected to create new opportunities for investment in the country.
