The chamber says it is sure that with the right policies in place government can attract Arab investment.
ACCI Urges Govt to Facilitate Foreign Investors
Officials from the Afghanistan Chamber of Commerce and Industries (ACCI) on Sunday said that further facilitation of foreign investors can leverage Afghanistan’s national economic development.
The officials stated that government, by introducing comprehensive investment policies, can attract investors from Arab countries in light of Afghanistan's close relations with these countries.
ACCI said many Arab countries are willing to invest in Afghanistan, but to make it happen, the government needs to outline a working investment policy.
According to ACCI, over the past three years foreign investment in Afghanistan has been on the rise, however this is now declining due to certain issues including security.
"The Arabs have money and they seek appropriate locations to invest," said ACCI spokesman Seyam Pesarlai.
ACCI says that the oil and mining sectors are among key areas where government can persuade Arab businesses to invest.
"If Arabs come forward and come here to invest, this will be one of the major gains of the Islamic Republic of Afghanistan in the economic development sector; I think here the Arabs can get advantage of the most easiest investment conditions," said economic analyst Sayed Massoud.
President Ashraf Ghani during a recent visit to the United Arab Emirates (UAE) called on Arab businessmen to invest in Afghanistan.