Afghan Investment in Iran Sees Significant Growth, Claims Iranian Official
Hossein Salimi, head of Iranian and Foreign Joint Investment Association, has reported a substantial increase in Afghan business activities in Iran, with investments doubling in volume over the past ten months as compared to the previous year.
Salimi pointed out that the bulk of these investments are centred in Mashhad, largely due to its proximity to the Iran-Afghanistan border.
During his discussion with the Iranian Labour News Agency (ILNA) on Wednesday, he emphasised on the unique advantages which Afghan businesses offer in Iran, particularly their in-depth understanding of the market and tailored production and export strategies.
He specified that Afghan investors are predominantly engaged in packaging goods in high demand in Afghanistan, such as dried fruits, dried vegetables, and legumes.
Salimi estimated the total foreign investment in Iran for the current year at four billion dollars, with Afghan investors contributing around 15 percent. Of the approximately 700 foreign-invested projects in Iran, Afghan investors manage 150.
Additionally, Salimi noted a surge in truck traffic at the Dogharoun border crossing, where operational hours have been extended from 8 to 16 hours daily. He also confirmed that Afghan investors in Iran possess the necessary residency and work permits.
