Afghanistan to invest $35mln in Iran’s Chabahar port

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Kabul: The Taliban administration in Afghanistan has committed to a $35 million investment in Iran’s Chabahar port, a strategic move that includes the development of commercial, residential, and administrative projects.

This investment, announced by the Iranian Special Envoy to Kabul, Hassan Kazemi Qomi, marks a significant step by the Afghan government to diversify its trade and economic partnerships beyond its traditional ties with neighboring countries.

The investment was made public following a visit by an Afghan delegation to Iran, highlighting the deepening economic cooperation between the two nations. A notable aspect of this investment is its focus on the Fakher construction project within the Chabahar Special Economic Zone, which involves the development of a 25-story high-rise residential complex. This initiative is seen as a pivotal move for Afghanistan, aiming to improve its access to international waters and enhance its trade capabilities.

The engagement between Afghanistan and Iran comes at a time when both countries have experienced strained relations, not only with each other over issues such as border disputes and water rights but also with neighbouring Pakistan.

Relations between Afghanistan and Pakistan have been tense, particularly following Pakistan’s measures to manage cross-border movements and address security concerns, which have included the expulsion of undocumented Afghan refugees and tighter border controls.

Despite these regional tensions, the investment in Chabahar is viewed as a strategic effort by Afghanistan to secure an alternative route for its trade and to bolster its economy, which is crucial for the landlocked country. Iran’s Chabahar port offers a vital gateway for Afghanistan to access international markets, circumventing the need to rely solely on its immediate neighbours.

This development also signifies Iran’s willingness to enhance cooperation with Afghanistan, emphasizing the importance of trade and economic ties between the two countries despite the challenges posed by international sanctions on Afghanistan. The collaboration on the Chabahar project reflects a mutual interest in fostering regional stability and economic growth.

Furthermore, the situation underscores the broader geopolitical dynamics in the region, where countries are navigating complex relationships and seeking new alliances to advance their economic and strategic interests. The investment in Chabahar by the Afghan Taliban administration illustrates a pragmatic approach to diplomacy and economic development, aiming to improve the country’s infrastructure and trade prospects amidst ongoing challenges.