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Nato Troop Withdrawal Impacting Foreign Direct Investment: AISA

in Afghan Business

Nato Troop Withdrawal Impacting Foreign Direct Investment: AISA

AISAThe complete withdrawal of foreign troops from Afghanistan, slated for 2014, is negatively impacting foreign investment in the country, according to the Afghanistan Investment Support Agency (AISA).

AISA Investment Promotion Director Rohullah Ahmadzai said the agency has noticed a decline in interest in foreign direct investment since 2011 when the Nato-led combat mission named 2014 as the date for the troop withdrawal.

“The issue of foreign forces withdrawing in 2014 has had a negative effect over the investment sector, and also over economic situation of all the country, because since 2011, simultaneous with our efforts to attract investment to Afghanistan, we had the announcement of the Nato withdrawal, so it might be the reason,” he told TOLOnews Thursday.

His statement referred to the decision of a multi-national joint venture (JV) withdrawing a request to build an industrial park in Afghanistan.

Ahmadzai said the consortium had not officially announced its decision, but it had appeared to withdraw the request made four months ago.

ANHAM FZCO, an American-Arabic JV had sought to construct an industrial park for processing agricultural products, but was no longer pursuing the plan, he said.

He said that the company had wanted to have around 100 acres lands near an airport within Afghanistan, but it had not obtained the land so far.

ANHAM had wanted to build the park to process agricultural products for export to world markets, according to Ahmadzai.

According to its website, ANHAM was formed in 2004 by three investment and trade contracting groups. A Saudi Arabian conglomerate and contractor The Arab Supply and Trading Company, a US-based investment group and international trade organisation 2 HII-Finance Corporation, and a Jordanian holding company for diversified businesses GMS Holdings (a founder of the Munir Sukhtian Group).

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