Afghanistan signs $1.15 billion mining agreements with Uzbekistan
The Islamic Emirate of Afghanistan has entered into five significant mining agreements with Uzbekistan, valued at a total of $1.15 billion.
The deals are part of a broader collaboration between the two nations, encompassing a range of sectors.
A high-ranking delegation led by Uzbekistan’s Prime Minister visited Afghanistan and signed 35 agreements with officials from the Islamic Emirate, with a combined value of $2.5 billion. These agreements aim to enhance cooperation in various sectors, including energy, infrastructure, and mining.
Among the 35 agreements, five focus specifically on the mining sector. These projects include a geological survey of the Afghan-Tajik hydrocarbon basin, the construction of a 120-megawatt gas power plant in Faryab, and geological surveys of key mineral resources. Notably, the projects will involve copper and gold mines in the Qandalan area of Zabul, an iron mine in the Hesh area of Bamiyan, and gas and oil reserves in the Tuti Maidan area of Faryab.
The mining projects are planned for implementation across Afghanistan’s northern and northeastern provinces, as well as in Zabul and Bamiyan, with the potential to significantly boost the country’s economic prospects.
The agreements mark a deepening of economic ties between Afghanistan and Uzbekistan, signaling a commitment to long-term collaboration in the region. (ILKHA)