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World News| Chinese investors went to Maidan Wardak, Afghanistan to investigate business opportunities


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kabul [Afghanistan]June 15 (ANI): Several Chinese investors recently traveled to Afghanistan’s Maidan Wardak to assess potential business opportunities in the province, official sources said, Khaama Press reported.

Khaama Press News Agency is an online news service in Afghanistan.

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During their visit, Chinese investors reportedly met Maidan Wardak Governor Qari Bakhtyar Mouaz and expressed their interest in building production plants for kitchen utensils, metal mesh and diapers.

These foreign investors initially hope to invest $250,000 and will gradually increase their investment, the report added.

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Afghan Governor Qari Bakhtyar Mouaz said they are ready to provide all the necessary facilities for building these factories in industrial towns in the province.

Stressing that every corner of Afghanistan is ready for investment from a security perspective, Mouaz called on domestic and international entrepreneurs to consider Maidan Wardak as a promising and potential destination for SMEs, Khaama Press reported.

Foreign investment has dropped to almost zero since the Taliban returned to power in August 2021, as the country is now battered by a dire economic and humanitarian situation, according to economic experts.

Hundreds of domestic investors and business people have fled the country fearing death threats and persecution by the Taliban regime, while thousands of development projects across the country have failed to complete following the late regime change, Khaama Press reported. (Arnie)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)


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