Kabul Unveils $34 Million Commercial Complex To Boost Business And Investment

A $34 Million commercial complex with 1,300 shops opens in Kabul, boosting business, jobs, and investment in Afghanistan. [Image via Tolo News]

A commercial complex with over 1,300 shops and an investment of nearly $34 million has been inaugurated in the center of Kabul.

This nine-story commercial center was constructed in less than three years.

The $34 million Kabul commercial complex, featuring 1,300 shops, is expected to become a key hub for business and trade in the city.

Senior officials of the Islamic Emirate, who attended the inauguration ceremony, emphasized the importance of this project in strengthening the country’s economy.

Abdul Salam Hanafi, Deputy Administrative Chief of the Prime Minister’s Office, stated at the ceremony that the land for this project was state-owned and the complex was built by Sun Sky Global Company.

During the inauguration, Hanafi said: “The total revenue will be distributed as follows: 30% for Emirate authorities and 70% for affected individuals and investors.”

Abdul Wasi Khadem, Chief of Staff of the Prime Minister’s Office, stated: “This commercial center includes dedicated spaces for banks, currency exchange offices, and other businesses.”

Meanwhile, Abdul Manan Omari, Acting Minister of Labor and Social Affairs, highlighted the significance of such projects in reducing unemployment and creating job opportunities.

Omari stated: “At a time when Afghanistan is facing high unemployment rates, the completion of such projects provides employment opportunities for many citizens.”

Also See: Afghan Fund Generates $440 Million in Profits

At the same time, the developers of this commercial complex revealed that they have several major projects under construction. These include:

  • A large oil processing plant in northern Afghanistan
  • A specialized hospital in Kabul for the treatment of cancer and kidney diseases

In total, over $50 million will be invested in these projects.

Mohammad Hanif Halimi, one of the project officials, stated: “We plan to establish a modern oil refinery with the highest international standards, starting with an initial investment of $25 million, eventually reaching $35 million.”

This commercial complex, which can accommodate over 1,800 vehicles, also features a large mosque and advanced facilities. It has been jointly operated by the government and the private sector for a period of 30 years.

This news is sourced from Tolo News and is intended for informational purposes only.

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