Business

Herat cement factory: $142 million contract inked with local firm

The Taliban-run Ministry of Mines and Petroleum has entered into a $142 million contract with Gulbahar Group, a local firm, for the establishment of a cement factory in Herat province.

Homayoun Afghan, the spokesperson for the Taliban’s Ministry of Mines, disclosed that this contract extends over 30 years and encompasses a $142 million investment in the project.

In a statement to “X,” Afghan explained that the factory is projected to yield 3,000 tons of cement daily and is anticipated to generate employment opportunities for 5,000 individuals.

The Ministry of Mines has, within the current year, sealed deals for three cement production projects, amounting to $462 million, with various companies.

This development follows a substantial investment in the Afghan cement industry, with a $220 million contract signed on October 12 with a Qatari company for the refurbishment of the Jabal Siraj Cement Factory.

Afghanistan primarily relies on cement imports from Iran, Pakistan, and Tajikistan to meet its domestic demands.