$80m to be invested in petroleum, other sectors

Mazar-I-Sharif, May 6, 2006 (Pajhwok Afghan News) - Local traders in the northern Balkh province will invest $80 million in fields of petroleum and other productive industries in the Sher Khan Port.

Addressing a workshop here on Saturday, Governor of Balkh Atta Mohmmad Noor said such investment would be very effective for uplift of the country.

In his address Chairman of the Afghanistan International Chambers of Commerce (AICC) Azrakhsh Hafizi said traders would make such investment to take part in reconstruction and development of the country. He said the projects created with this fresh investment would provide job opportunities to great number of people. Hafizi said more than $170 million investment would be made to enhance cement production in the neighbouring Baghlan province. By Ahmad Naim Qadiri