Afghanistan Times
Related Articles
Top of Form
AT News
KABUL – Afghan energy tycoon Mirwais Azizi, during a visit to Herat province, has committed to a historic $10 billion investment in Afghanistan’s energy and railway sectors. The announcement follows the completion of a 300-plus home township in Herat for earthquake victims, a project funded by the Azizi Foundation.
“I am announcing that I plan to invest $10 billion in Afghanistan over the next five years, focusing on the energy and transportation sectors. In the energy sector, the aim is to produce 5000 to 6000 new electricity, while in the transportation sector the focus will be on building railway networks that help promote trade and economic activity,” he said in a tweet.
Speaking in Herat on Friday, Azizi highlighted the substantial investment opportunities in Afghanistan, emphasizing the potential to generate thousands of jobs through large-scale projects. The unprecedented investment is poised to be a major milestone in the country’s history, offering vast employment prospects.
The newly constructed township in Siah Ab village, costing 200 million Afghanis ($2.8 million), is part of Azizi’s commitment to rebuilding communities. Additionally, plans include the establishment of a large garden and park, featuring 15,000 to 20,000 fruit trees to provide sustainable income for residents.
This initiative comes as Afghanistan grapples with the aftermath of the October 7, 2023, earthquake in Herat, which displaced tens of thousands and left numerous homes destroyed. Azizi’s investment is a significant step toward addressing the rising unemployment and economic challenges faced by the country.
Technical teams from Azizi’s company are set to visit Kabul soon to explore areas, engage with relevant authorities, and lay the groundwork for the implementation stage. This strategic move aims to ensure the successful realization of the ambitious energy and transportation projects, bringing tangible benefits to the Afghan people.
