Deputy Minister of Urban Development Emphasizes Investment Opportunities in Housing Sector, Especially in New Kabul City

Afghan Voice Agency (AVA) - Kabul: Mawlawi Gulzarin Saber, Deputy Minister of Urban Development and Housing, in a meeting with officials of HRL Investment Company, emphasized the existing investment opportunities in the housing sector, especially in New Kabul City.

 

The press office of the Ministry of Urban Development and Housing said that the Deputy Minister stated that a favorable climate is available for investment in various fields and investors can operate in this country with confidence. He added that now national security is ensured and economic activists can participate in any place they wish without worry.

 

Saber noted that investors can also invest in residential projects in other provinces besides the capital. During the meeting, representatives of the Pakistani company Habib Rafiq Limited also expressed their satisfaction with the availability of a suitable opportunity and expressed their interest in cooperating in the housing sector. They introduced construction plans and designs and smart cities in a presentation, and it was agreed that further discussions on the investment method would be held in the next meetings.

 

The New Kabul City project is one of the largest urban development projects in the region and is intended to be a modern city for about 3 million people. The project is planned on an area of 740 square kilometers located north of Kabul, with the aim of solving the population density crisis in the capital and providing comprehensive urban infrastructure.

 

According to reports, at the project’s practical launch ceremony, an investment worth $6.5 billion was pledged by the private sector to implement the first phase over 8 to 10 years. This phase includes the construction of 42,000 housing units for about 23,000 people in one section and 1,800 units for 10,000 people in the other.

 

The Ministry of Urban Development and Housing has also announced that the progress of this project is about 25% and its implementation is being monitored daily. In the first phase, about 600 people are directly involved and work has begun on roads and water networks in various sections.

 

In addition to the New City project, the housing market in Kabul is experiencing significant growth. Following improved security and stability, demand for luxury housing has increased and we are witnessing large transactions in some neighborhoods, including near Qargha Lake.

 

Studies show that the deputy minister’s emphasis on investing in the New City of Kabul is in full harmony with the practical developments in this national project. According to experts, a project of this scale can bring huge economic opportunities, job creation and sustainable development. Observers believe that the attraction of foreign investors such as Pakistani companies alongside domestic companies indicates the maturity of a new phase of urban development and readiness for the connection between capital and formal planning. According to experts, if this process is accompanied by security, transparency and continuous support, the interaction of the public and private sectors can pave the way for the real prosperity of the housing sector and the achievement of international standards in construction.