Wednesday, 31 August 2016

The Minister of Urban Development and Housing of Afghanistan encourages the private sector to invest in housing projects

The Minister of Urban Development Affairs and Housing Mr Syed Sadat Mansoor Naderi hailed the Afghan entrepreneur Ibrahim Mohib for investing over USD 200 million to build a major trade complex in Kabul.  The Minister called on the other Afghan entrepreneurs to follow Mr Mohib and to invest in Afghanistan for contributing to the reconstruction and development of the country. The Ministry of Urban Development and Housing said that Minister Naderi made the remarks during a visit at the construction site and welcomed the Afghan entrepreneur for the interest to invest in the urban development sector. The complex will include about 600 residential apartments, a 5 Star Hotel, a Trade center, and the head office of the Afghanistan International Bank (AIB). The major investment in the trade complex comes as efforts are underway to boost the fledging urban development and housing sector of Afghanistan which sustained major destruction similar as other sectors during the decades of war. The Minister of Urban Development Affairs and Housing  encouraged the private sector to take part in the construction of housing projects and hoped that the implementation of new projects with the contribute of the private sector will help to build an economic momentum in the country.

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