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Companies that invest $1 million or more in 2013 will enjoy tax exemptions for 10 years and will receive free land to establish their businesses, according to a new Ministry of Finance draft policy.

"The land will be given free to them to build factories or business centers. We will not charge them tax for 10 years and will offer other incentives," Finance Ministry Spokesman Wahid Tawhidi said.

Tawhidi added that investors could also borrow from Afghan government banks.

These incentives are part of a draft plan the Ministry of Finance is developing following a presidential order. The ministry said that about 80% of the draft plan has been completed.

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