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Minister Naderi urges Russia to invest in Afghanistan’s housing sector

in Afghan Business

Minister Naderi urges Russia to invest in Afghanistan’s housing sector

Urban Development Affairs Minister Sayed Sadat Mansoor Naderi is currently in Moscow, Russia leading a government delegation.

The purpose of his trip is to convince Russia to invest in Afghanistan and to discuss practical steps of the agreements already signed between the two nations.

He has met with Russia’s special envoy to Afghanistan and Pakistan, Zamir Nabiyevich Kabulov, Minister of Urban Development and President of the Chamber of Commerce.

He urged the Russian officials to invest in Afghanistan’s housing project.

An agreement between Afghanistan’s House Construction Sector and a Russian industry has been signed based on a 49% and 51% share.

As per the agreement, Russia will deliver USD 25mn worth of construction equipment which will enable the construction company to build up to 1,000 apartments annually.

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