Afghanistan's Ministry of Mines and Petroleum Attracts Investments

Since the beginning of the 1403 solar year, the Ministry of Mines and Petroleum in Afghanistan has made significant strides in attracting investments to the mining sector. With close to one billion AFN invested, the ministry has successfully secured contracts worth the same amount, with ongoing efforts to attract more investments.

Notably, small-scale investments total 500 million AFN, with two major contracts signed this year. The Jagdalak ruby mine in Kabul and the barite mine in Herat province have been awarded to local companies, showcasing the country's commitment to developing its mining industry.

The Afghanistan Chamber of Commerce and Investment (ACCI) has highlighted the favorable investment climate in the mining sector, attracting interest from both local and foreign investors. The sector's growth has been significant, with a substantial portion of the country's exports now coming from minerals, especially semi-precious ones.

Overall, there is a growing interest from investors in various sectors like agriculture, production, mining, and processing. Economic analysts believe that by creating more opportunities for private investors, the Islamic Emirate could further boost investments in Afghanistan, leading to increased government revenue and the creation of job opportunities for its citizens.

The mining sector in Afghanistan is experiencing a surge in investments, signaling positive growth for the country's economy. With a conducive investment climate and increasing interest from both local and foreign investors, the future looks promising for the sector. By fostering a supportive environment for private investors, Afghanistan can harness the potential of its natural resources, driving economic development and job creation for its people.