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Arab-American Company to
Invest $100 million in Food
Processing
An Arab-American company plans to open the biggest food
processing company in the region in Afghanistan, creating thousands
of jobs, the Afghan Investment Support Agency (AISA) said on
Saturday.
ANHAM will invest $100 million in Afghanistan to build a food processing
plant and a logistics hub covering 5,000 hectares of land. The plant will be
able to process agricultural produce from Afghanistan and neighbouring
countries. The company also said it will help find international buyers for
Afghanistan's food products.
This is the second biggest foreign investment in the country after the
multi-billion dollar investment of the Metallurgical Corp of China in Logar
province's Anyak copper mine.
ANHAM formed in 2004 and is a joint venture between a Saudi Arabian and
a US company. The business operates in South and Central Asia, the
Middle East and North Africa. It also supplies food for foreign troops in
Afghanistan.
"At this centre, food and fruit will be packed and processed to international
standards," said Noorullah Delawari, AISA's director.
The High Commission on Investment said the land for this project will be
provided very soon. Building work is scheduled to take nine months.
Arab-American Company to Invest $100m in Food Processing
Invest $100 million in Food
Processing
An Arab-American company plans to open the biggest food
processing company in the region in Afghanistan, creating thousands
of jobs, the Afghan Investment Support Agency (AISA) said on
Saturday.
ANHAM will invest $100 million in Afghanistan to build a food processing
plant and a logistics hub covering 5,000 hectares of land. The plant will be
able to process agricultural produce from Afghanistan and neighbouring
countries. The company also said it will help find international buyers for
Afghanistan's food products.
This is the second biggest foreign investment in the country after the
multi-billion dollar investment of the Metallurgical Corp of China in Logar
province's Anyak copper mine.
ANHAM formed in 2004 and is a joint venture between a Saudi Arabian and
a US company. The business operates in South and Central Asia, the
Middle East and North Africa. It also supplies food for foreign troops in
Afghanistan.
"At this centre, food and fruit will be packed and processed to international
standards," said Noorullah Delawari, AISA's director.
The High Commission on Investment said the land for this project will be
provided very soon. Building work is scheduled to take nine months.
Arab-American Company to Invest $100m in Food Processing