Tuesday, 06 October 2015 19:12
Last Updated on Wednesday, 07 October 2015 10:21
Afghan-American Chamber of Commerce (AACC) officials on Tuesday said that they were struggling to attract U.S private sector investors to buy into five trade and industrial zones in Afghanistan.
At a meeting ahead of the 11th annual Afghanistan-American Matchmaking Conference scheduled for December in Washington D.C, officials said new investment opportunities including the TAPI gas pipeline project have been created in Afghanistan and that the AACC has tried to harness opportunities by establishing joint Afghan-American investment companies.
According to the AACC, the opportunities include the construction of more than 700 kms of gas pipeline as part of TAPI project, investments in infrastructural development and a $5 billion USD investment for the construction of five trade zones at bases, previously used by American troops. These are in Herat, Kabul, Balkh, Kandahar and Nangarhar provinces.
The Chairman of the Board of Directors for AACC, Sulaiman Lutfi, said there are many opportunities for investors and that they are trying to pave the way for more investment opportunities in the country.
Meanwhile, the CEO of Afghanistan Chamber of Commerce and Industries (ACCI) Atiqullah Nusrat said: “The conference is aimed at finding ways to improve investment opportunities between the two countries in collaboration with the private sector and investors in both countries.”
In addition, a number of Afghan traders say clear economic strategies and concrete security are critical in attracting investors into the country.
“Currently, we face security challenges. There are kidnappings and a lack of a clear economic and investment strategy,” said Assadullah Matin, a US-based Afghan trader.