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Karzai urges Germany to invest in mine sector

Karzai urges Germany to invest in mine sector

Mar 31, 2011 - 17:51

KABULinfo-icon (PANinfo-icon): President Hamid Karzai on Thursday said his country needed foreign investment in many sectors and urged Germany to encourage its companies, a presidential statement said.

Karzai made the call at a meeting with German Minister for Economic Cooperation and Development Dirk Niebel, in Kabul the statement issued from the Presidential Palace said.

The president said people of Afghanistaninfo-icon wanted German companies to invest, particularly in the mine sector. The worth of natural resources is estimated at $3 trillion.

The German minister said they would send a technical delegation to survey areas for investment in Afghanistan.

Both leaders discussed the security handover from foreign troops to Afghan security personnel, a process beginning in July. Niebel welcomed the process, insisting his country was committed to cooperation with Afghanistan beyond the completion of the transition process in 2014.

The visiting dignitary pledged different projects, including the construction of a vocational and agricultural school in northern Kunduz province, for the development of Afghanistan.

Work on a terminal at the Mazar-i-Sharif airport would be completed this year, the German minister said.

On a trip to Mazar-i-Sharif on Tuesday, Niebel said his country would provide Afghanistan with $670 million (30.3 billion afghanis) for creation of job opportunities for three millions people in the northern provinces.

There are 4,800 German soldiers in Afghanistan.


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