Pajhwok Services

Photo Service

SMS News Service

Pajhwok combines its expertise and experience in news reporting with a telecom firm and thus reach a wider audience in an 
effective way.

To subscribe: 
English News Update : Send 83 to 824
Dari News Update : Send 84 to 824
Pashto News Update : Send 85 to 824

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

Alokozay Group to establish 6 factories worth $350m

Alokozay Group to establish 6 factories worth $350m

Jul 04, 2016 - 18:56

KABULinfo-icon (Pajhwok): The Afghan government and the UAE-based Alokozay International Limited on Monday signed an agreement on the group’s investment in 72 acres of land.

The agreement was signed between government officials and the Alokozay Group of Companies (AGC) representatives at the Presidential Palace.

Finance Minister Eklil Hakimi said on the occasion that the land belonged to the civil aviation department and it was handed over to the AGC after fixation of its price.

He said the group would establish six factories worth $350 million on the land and the products produced at the factories would not only be consumed in the country but a 40 percent of them would be exported to foreign countries.

He said the factories included printing houses, carton manufacturing, tissue papers and edibles. He said the factories would provide direct jobs to 2000 people and indirect jobs to 10,000 individuals.

The minister said the investment would not only help increase the government’s revenue but would also encourage other businessmen and companies to make investments in Afghanistaninfo-icon.

AGC representative Nimatullah Babkarkhel said the group had already invested $400 million in Afghanistan. He said the also AGC planned to construct a well-equipped hospital at a cost of $300 million in order Afghans shun reliance on hospitals in foreign countries.


Related Article

Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


Add new comment


Twitter Update