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Investment in Afghanistan soars to USD 762mn in 2013: AISA

in Afghan Business

Investment in Afghanistan soars to USD 762mn in 2013: AISA

AISA jpgAccording to Afghanistan Investment Support Agency (AISA), investment in Afghanistan stood at USD 762mn during the year 2013, indicating a 25% increase.

In 2012, around USD 605 million was invested in various sectors of Afghanistan.

AISA Chief Wafiullah Iftikhar said the Agency had stepped up their efforts in the country during the year 2013 to attract foreign and local investment.

Iftikhar cited trade exhibitions, international conferences and allocation of lands by the government for industrial parks as the main reasons behind the boost in investment.

He added that the government earmarked USD 15mn for establishment of industrial parks.

This comes amid concerns over the endemic corruption and insecurity around the country that are expected to hinder investment growth.

Meanwhile, AISA chief called on foreign companies and contractors to abide by the laws and regulations of the country. He added that new plans and strategies were underway to prevent violation of investment laws and regulations.

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