Sunday, March 3, 2024

Qatari prince pledges $140 million in aid, joint investment to Afghanistan

Immigration News

Khaama Press
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Khaama Press is a Kabul-based independent and non-political news organization established in 2010.

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A Qatari prince has pledged $140 million comprised of non-refundable aid and capital for joint investment in key housing sectors in Afghanistan.

Two Memorandum of Understandings (MoUs) were signed between the Qatari prince Sheikh Ali bin Abdullah Al Thani, head of the Al-Gharafa Non-governmental Organization, and the Minister of Urban Development Affairs of Afghanistan Syed Sadat Mansoor Naderi in this regard.

Urban Development Affairs Minister Syed Sadat Naderi said the MoUs will cover key areas, including efforts to reduce the lack of shelter for the needy citizens of Afghanistan, creation of job opportunities, attraction of aid and proper use of the available opportunities to boost the economic prospects and opportunities for foreign investment in the country.

The MoUs will also cover efforts including a campaign to reduce the rising cost of residential and commercial properties, including plots and apartments.

Other areas, including creation of a healthy competition in housing construction sector, promotion of modern and standard construction in accordance to the international norms and prevention of illegal buildings.

Hailing the friendly and deep relations between Afghanistan and Qatar, Mr. Naderi said the first MoU consists of $40 million in non-refundable aid which would be utilized in housing construction, specifically for the children of the martyred.

Mr. Naderi further added that the second MoU consists of $100 million funds which will be utilized as a capital for joint investment in various projects, including housing construction, commercial markets, hotels and other construction projects.

Two other MoUs were also signed between the Qatari prince and officials from the Ministry of Agriculture Irrigation and Livestock and National Environmental Protection Agency.

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