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German firms ready to invest in Afghanistan

German firms ready to invest in Afghanistan

Oct 07, 2012 - 20:09

KABULinfo-icon (PANinfo-icon): A 15-member German delegation, including traders and government officials, was briefed on Sunday on investment opportunities in Afghanistaninfo-icon, particularly in mining and agricultureinfo-icon sectors.

The delegation, which arrived in Kabul on Saturday, attended a conference on Afghan-German trade links on Sunday.

Members of the team include representatives of manufacturers of military equipment, water research, information technology, engineering goods, construction materials, aviation and environmentinfo-icon-friendly energy.

Afghanistan Chamber of Commerce and Industries (ACCI) head, Mohammad Qurban Haqjo said the delegation would spend seven days in Afghanistan and visit northern Balkh province to evaluate investment opportunities there. He believed that Afghanistan, given its strategic location in the region, was a good market for foreign investors.

Afghanistan Investment Support Agency (AISA) head Wafiullah Iftakhari said the country offered foreign entrepreneurs good investment opportunities, particularly in agriculture, road construction, water supply, construction, telecommunications, power, mining and healthinfo-icon sectors.

There had been little investment in the agriculture sector, where foreigners could put their money in processing a variety of products and establishing cold storage facilities, he added.

Dr Rudolf Gridl, representing Federal Ministry of Economic Cooperation and Development, promised continued cooperation with the Afghans. He said the German firms were willing to invest in Afghanistan.

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