UAE Firms to Invest $4bln in Construction in Afghanistan
Afghanistan, Kabul, 13 October / Trend corr. A.Hakimi / The United Arab Emirates (UAE) sponsors construction of a new city in Kabul, an Afghan province.
Companies of the UAE invest $4bln in construction of the new city in Kabul province of Afghanistan. Officials of the UAE Government flew to Kabul on 12 October with 16-member delegation to seek opportunities of investment in this country.
The UAE Government invests $200mln in construction.
"Relations between Afghanistan and the UAE were always good. We seek to create conditions for their further expansion. The United Arab Emirates wants to assist our country," Farid Zikirya, the Afghan Ambassador to the UAE, said.
Private sector of the UAE invests $4bln in construction, development of agriculture and design of mineral resources of the country, officials of the Afghan Investment Support Association said.
"Karzai's visit abroad and the current opportunities for investment are basic reasons of the Arabic traders' concentration on investment in different fields of Afghanistan's economy. We are trying to expand relations with our investors," Omar Zaheval, President Karzai's advisor for economic issues, said.
So far, the UAE has invested $300mln in communication field of Afghanistan.
"We are two Muslim states and should cooperate to strengthen our business relations in the current economic condition. I hope for positive development of our relations," Muhammad Mubarak Almazroi, a lawyer of the UAE crown prince, said.
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