Business

Taliban signs contracts worth $56 million with private sector

KABUL, Afghanistan — The Taliban’s ministries of finance and energy and water, alongside the Taliban-run Da Afghanistan Breshna Sherkat (DABS), the nation’s power distributor, signed contracts totaling 4 billion Afghanis (approximately $56 million) with private companies in a ceremony held Sunday.

These agreements, focusing on the construction and electricity production sectors, include the generation of 23 megawatts of solar power in the Sarubi district of Kabul province, the development of two power substations, and the extension of a 220-kilowatt power line.

Additionally, the contracts cover the construction of a commercial center in Kot-e-Sangi, located in the west of Kabul, and a commercial and residential center in southern Helmand.

Officials from the Taliban, speaking at the event in Kabul, encouraged investors to contribute to the country, highlighting the favorable investment environment.