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Marriott Hotel Coming to Kabul

Afghanistan will soon welcome Marriott Hotels to its growing list of international business partners. Marriott intends to provide the best accommodations for foreign investors and Afghan nationals with a full range of facilities and services, such as a business center, a 1,000 person capacity ball room, seminar and meeting facilities, and an outstanding health facility.  The hotel, expected to be open for business by 2009, will be located in Kabul with easy access to the city’s main airport as well as to foreign embassies and local government offices.

The Overseas Private Investment Corporation (OPIC) recently approved a loan for the construction of a 209-room, five-star hotel in Kabul.  This loan will underwrite $60 million of the $80 million investment made by General Systems International (GSI), a Delaware-based company, for this project.  GSI aims to work with the widest range of Afghan suppliers of materials, equipment, and services.  It also expects to maximize use of Afghan expertise in construction management and architecture.  The hotel design will reflect historic Afghan architecture. The hotel’s management will be entrusted to Marriott International. 

Additionally, this project is anticipated to spawn the construction of several hundred homes for low income families. The hotel is expected to generate 270 permanent jobs for local Afghans and will implement a training program for all employees.  Through this, Marriott International hopes to introduce efficient management practices to the Afghan hotel industry.  This project sends a message of confidence in Afghanistan’s future development to other prospective investors and will certainly boost reconstruction efforts in Afghanistan. For further information visit: http://www.opic.gov/news/pressreleases/2007/pr011907.asp

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