Photo: ARG via Twitter

Chinese company meets Taliban PM, offers $350 million investment in Afghanistan

The head of a Chinese mining company has recently met with the Taliban’s Prime Minister in Kabul, expressing willingness to invest $350 million in power generation, cement factories, and healthcare.

Taliban’s ARG said in a series of tweets on Friday that the meeting took place in Sapedar Palace between a delegation of the Fan China Mining Processing and Trading Company and the Taliban’s PM Mawlawi Abdul Kabir.

The head of the Chinese company presented their investment proposal to the Taliban PM and added that they have a team of experts and professionals ready to carry out the operational plans in Afghanistan in the next couple of months.

Kabir welcomed the investment plan and noted to the company that the Taliban authorities will ensure the security and safety of their business and personnel in the country, the ARG statement said.

Since the Taliban’s return to power, China has expanded its economic ties with the Taliban, with Chinese companies offering investments in Afghanistan.

In January 2023, Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) signed a $540 million deal to extract oil from northern Afghanistan’s Amu Darya basin.

According to Bloomberg, Chinese mining companies have long aspired to gain access to Afghanistan’s large lithium deposits, which are estimated to be worth $1 trillion.