His Excellency, Mawlavi Abdul Salam Hanafi, Deputy Prime Minister for Administrative Affairs of the Islamic Emirate of Afghanistan, attended and delivered a keynote address at the inauguration ceremony of the New Khairkhwah Trade Market yesterday.
The event was graced by the presence of several cabinet members and esteemed elders of the Islamic Emirate. In his address, the Deputy Prime Minister for Administrative Affairs expressed profound satisfaction with the successful completion of the New Khairkhwah Trade Market, underscoring its inauguration as a pivotal milestone in advancing trade and investment in the country.
His Excellency, Mawlavi Abdul Salam Hanafi, remarked: It is an undeniable truth that the progress and prosperity of a nation are intrinsically linked to the expansion of trade and the empowerment of the private sector. In this regard, the Islamic Emirate of Afghanistan remains steadfast in its commitment to fostering genuine economic and commercial development, with a particular emphasis on the private sector. A prime illustration of this endeavor is the contractual agreement for the construction of the New Khairkhwah Trade Market, executed in collaboration with the private sector. This initiative has culminated in the establishment of a state-of-the-art commercial hub, the inauguration of which we proudly witness today.
The Deputy Prime Minister for Administrative Affairs further emphasized that the contractual agreement for the New Khairkhwah Trade Market stands as the first and most significant project undertaken in the immediate aftermath of the Islamic Emirate’s victory, executed through a pioneering public-private partnership framework. He underscored that this initiative exemplifies the private sector’s unwavering confidence in the Islamic Emirate’s economic policies and serves as a tangible demonstration of the Emirate’s resolute commitment to promoting private enterprise, creating employment opportunities, and advancing trade for the benefit of the nation’s citizens.
Notably, the New Khairkhwah Trade Market spans an extensive area of approximately 9,361 square meters, comprising nine floors, with two levels designated exclusively for vehicle parking. The construction of this landmark project entailed an investment of approximately $34 million, financed by "Sun Sky Global Company" and individuals adversely affected by previous market fire incidents. In accordance with the revenue-sharing agreement, 30% of the rental proceeds will be allocated to the Emirate authorities, while the remaining 70% will be distributed among the affected individuals and investors.
This strategic national initiative encompasses approximately 1,300 commercial units, constructed in adherence to modern architectural and infrastructural standards, thereby generating extensive direct and indirect employment opportunities for thousands of individuals. Furthermore, commercial spaces have been equitably allocated to all those impacted by the market fire incident, ensuring their reintegration into the economic framework.
