Qatar miners eye Afghanistan - report

(Image for illustrative purposes)

(Image for illustrative purposes)

Qatar mining companies are eyeing new business in Afghanistan, with the country sitting on US$3 trillion of underground resources, it was reported.

According to Doha-based Gulf Times, Afghanistan is hoping to attract more Qatari firms to invest in deposits of of copper, iron, gold, lithium and gas.

The more than ten-year war in Afghanistan made the country highly dependent on foreign financial aid.

The International Monetary Fund projected the country's economy to grow 5.2 percent in 2012, with this to rise to 6.5 percent for 2013.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Thomas E.

Hopefully these mining projects can get started, and money begin to flow in, soon enough before more instability can wreck the country again, once international forces leave the country. These minerals the country has have potential to bring in some serious wealth into the country, so hopefully it's stable enough in the future to take proper advantage of it.

All comments are subject to approval before appearing

Features & Analysis
Construction conflict blights Dubai's off-plan landscape

Construction conflict blights Dubai's off-plan landscape

At a time when investors had hoped Dubai’s grey real estate legislation...

Why banking in the Gulf will never be the same again

Why banking in the Gulf will never be the same again

New technologies are emerging in banking and finance at a rapid...

Saudi prince aims for Silicon Valley appeal to gleam at home

Saudi prince aims for Silicon Valley appeal to gleam at home

Photographs of Prince Mohammed meeting Facebook boss Mark Zuckerberg...

Most Discussed
sponsoredTracking