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Foreign investment increased in Herat

by Ahmad Qureshi
Pajhwok Afghan News

02.25.2007

The direct foreign investment has recorded $15 million increase in one year in the western province of Herat, officials said on Sunday.

The investment had been made in industrial, construction and public services sectors, said Mir Mohammad Yaqoob Mashoof, secretary of Industrials Association in Herat. He said the investors mainly included Iranian, Germans, Turkish and American firms and individuals.

Mashoof said more than 200 factories were currently operational in the Herat industrial zone, producing motorbikes, tractors, electric instruments, food stuff and drinking juices. He said about 13,000 locals had been employed in the factories.

Tamim Kakar, head of Afghanistan Investment Support Agency (AISA) in Herat, told Pajhwok Afghan News the number of foreign and domestic investors had increased. The agency had issued licenses to 18 foreign and 623 local companies so far, he added.

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