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๐Ÿ‡ฆ๐Ÿ‡ซ Afghanistan /Energy & Infrastructure

Afghanistan Launches $160 Million Cement Plant Construction

From Pajhwok Afghan News · (7m ago) English

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Construction of the Yatim Taq cement plant, costing $160 million, has begun in Jawzjan province, Afghanistan.
  • Deputy Prime Minister Mullah Abdul Ghani Baradar emphasized strengthening domestic industry and reducing import dependence as key goals for economic growth.
  • The plant, a $160 million investment by a Turkish company, is expected to produce 3,000 tonnes of cement daily and create 5,000 jobs, with completion in two years.

The Islamic Emirate of Afghanistan (IEA) proudly announces the commencement of construction for the Yatim Taq cement production plant, a significant $160 million investment in Jawzjan province. This project underscores our unwavering commitment to bolstering domestic industry and fostering a self-sufficient, production-based economy. Deputy Prime Minister Mullah Abdul Ghani Baradar highlighted that this factory is a crucial step in reducing our reliance on imported goods and harnessing Afghanistan's own resources.

As part of fulfilling this major responsibility, practical work on this important factory began in Jawzjan today. It will play a significant role in strengthening domestic industry, reducing dependence on imports, and supporting economic growth.

โ€” Mullah Abdul Ghani BaradarSpeaking at the inauguration ceremony of the Yatim Taq cement production plant.

This initiative represents a strategic shift towards processing raw materials domestically, a core objective of the IEA's economic policy. We are actively working to move away from exporting raw materials and instead focus on value addition within our borders. This not only strengthens our industrial base but also creates vital employment opportunities, with the Yatim Taq plant projected to generate around 5,000 direct and indirect jobs.

the Islamic Emirate of Afghanistan (IEA) was focused on strengthening domestic industry and working to shift from exporting raw materials toward domestic processing of resources.

โ€” Mullah Abdul Ghani BaradarExplaining the economic strategy of the current Afghan government.

Mullah Baradar also extended an invitation to the international community, urging enhanced engagement through formal economic cooperation. He pointed to Afghanistan's "unprecedented security and political stability" as a fertile ground for investment and economic partnership. The Deputy Prime Minister cautioned against exclusionary policies and sanctions, emphasizing that such measures hinder global cooperation and create more problems than they solve. Afghanistan offers a stable environment and significant economic potential, ripe for mutually beneficial partnerships.

the international community to enhance engagement with Afghanistan within the framework of formal economic cooperation and to benefit from the countryโ€™s โ€œunprecedented security and political stabilityโ€ and its economic potential.

โ€” Mullah Abdul Ghani BaradarInviting international cooperation and investment.
DistantNews Editorial

Originally published by Pajhwok Afghan News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.