The Afghan Business Council in the United Arab Emirates urged Afghanistan’s de facto government to provide opportunities for Afghan investors to invest in their country.
The head of the council in the United Arab Emirates, Haji Obaidullah Sader Khail, said in a conversation with Khaama Press that 80 per cent of the business people in the UAE have business across more than 50 countries.
Sader Khail added that Afghan business people had invested more than $10 billion in the United Arab Emirates and are willing to invest in the country if the caretaker government provides the opportunity for them.
“The caretaker government should provide opportunities for investors to invest in the country, which will create jobs and provide employment to the people,” he said.
Afghanistan’s current administration claims that foreign and Afghan investors will be provided with all kind of facilities and opportunities to invest in the country.
Abdulsalam Jawad Akhundzada, a spokesman for the Ministry of Industry and Trade, says that investors who want to invest in Afghanistan on a large scale will provide the opportunity to invest in economic zones, and they will be provided with a license, cooperate with the payment of land and transferring of the raw materials.
However, economic analysts believe large-scale investments are supposedly feasible if political stability and security are restored.
Abdul Nasir Reshtia says that the interim government should increase its international interaction for economic growth and investment in the country.
He also said that the essential elements for investing in the country are protecting the investors, their property and a corruption-free environment.
“Safety of investors, their property, and the rule of law and prevention of corruption are the main elements for encouraging investors to invest in the country.”
However, since the takeover of Afghanistan by the Taliban in August 2021, most of the investors have left the country and withdrawn their investments from Afghanistan.
In addition, the current regime has not been recognized by the international community on the one side and has been under sanction on the other side. Hence, several international organizations reported that Afghanistan suffers from a severe humanitarian crisis amid security challenges.