Breaking News
Third Private Bank Goes Bankrupt in Afghanistan
...
First Consignment of Afghan Products Arrives in Azerbaijan Through Turkmenistan
...
Pakistan Promises To Reopen Airspace for Afghanistan-India Flights In 3 Days
...
Forex Traders Stage Protest in Kabul
...
The Impact Of Illegal Drugs In Afghanistan On Political Settlement
...
First Ever Scorpion Venom Production in Afghanistan
...
A modern city called ‘Smart City’ to be built in Kabul
Afghan Urban Development Affairs Minister Sayed Sadat Naderi laid the foundation stone of a modern city, named as ‘Smart City’ in capital Kabul on Wednesday.
Addressing the ceremony, Minister Naderi said the government would receive USD 100mn from this project, including tax and other services.
He added at about 2,500 people would find jobs through this project.
The city is being built on 68 acres of land on Chehel Metra Road of Kabul airport. The project’s initial investment is USD 95mn, but its revolving capital is USD 900mn.
This project is the first time that the Ministry of Urban Development Affairs and Housing is securing such a huge income for the government though private sector.
President Ashraf Ghani’s special advisor on reforms and good government Ahmad Zia Masoud, who was also present at the ceremony, regarded the project as a major step towards economic of the country.
Related Articles
WFP receives $20mn from USA for returnees in Afghanistan
The World Food Program (WFP) has welcomed a contribution of USD 20 million from the Government of the United States
Herat’s Revenue Sees a Boost
By Ahmadshah Ghanizada-Officials in Herat provincial transportation department on Sunday announced an increase of 18% revenue during the first 6
Tokyo Conference Must Make Clear the World Community Commitment to Afghanistan post 2014
A number of active civil society members in a gathering on Monday called for the specification of commitment from the
