Afghan businessman invests billions of dollars in Afghanistan’s economy

Afghan magnate Mirwais Azizi has promised to invest $10 billion in the development of his homeland.

According to media reports, Mirwais Azizi, a well-known Afghan businessman and owner of Azizi Bank, announced his plans to increase the volume of large investments in the Afghan economy. During the opening ceremony of the new “Azizi” town in the earthquake-affected Herat, Afghanistan, he stated that he intends to invest $10 billion in the country’s economy over the next five years.

Mirwais Azizi arrived from Dubai in Herat a few days ago to participate in the opening ceremony of the “Azizi” town, where about 300 residential houses, a school, a mosque, and a medical center for those affected by the recent earthquakes in Herat have been built.

According to Mirwais Azizi, these investments will be directed towards the energy and railway sectors of Afghanistan. The entrepreneur emphasized that this amount is significant and represents a huge contribution to the country’s development. He expressed hope that these investments will help strengthen Afghanistan’s economy and contribute to the creation of new jobs.

Mirwais Azizi’s decision to invest $10 billion initially caused confusion among social media users. Some users claimed that Mirwais Azizi misspoke and that he might have meant not $10 billion, but 10 billion afghanis (about $140.5 million). This decision also sparked lively interest among both supporters and opponents of the Taliban within the country, highlighting the importance and influence of the entrepreneur in the modern Afghan economy.

Mirwais Azizi, an ethnic Pashtun, began his career in Uzbekistan in 1988. He currently resides in Dubai, United Arab Emirates. He made his fortune in banking, real estate, investments, and other sectors. Some organizations consider him the richest person in Afghanistan.