Qatar miners eye Afghanistan - report

Islamic Republic hoping to attract firms to invest in copper, iron, gold, lithium deposits

(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
Power to the people in Saudi Arabia

Power to the people in Saudi Arabia

As Saudi Arabia fights to control surging electricity demand...

Inside Google's brave new world

Inside Google's brave new world

The $500bn technology giant is extending its reach into hardware...

Accounting meets religion in challenge for Islamic banks

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is...

Most Discussed
sponsoredTracking