Kabul - Economy

Economy

Further information: Economy of Afghanistan

There are approximately 16 licensed banks in Kabul: including Da Afghanistan Bank, Afghanistan International Bank, Kabul Bank, Azizi Bank, Pashtany Bank, Afghan United Bank, Standard Chartered Bank, Punjab National Bank, Habib Bank and others. Western Union offices are also found in many locations throughout the city.

About 4 miles (6 km) from downtown Kabul, in Bagrami, a 22-acre (9 ha) wide industrial complex has completed with modern facilities, which will allow companies to operate businesses there. The park has professional management for the daily maintenance of public roads, internal streets, common areas, parking areas, 24 hours perimeter security, access control for vehicles and persons. A number of factories operate there, including the $25 million Coca-Cola bottling plant and the Omaid Bahar juice factory.

A number of indoor shopping centers have opened in the last decade. This includes the Kabul City Center, which also serves as a 4-star holel (Safi Landmark Hotel). The Aga Khan Development Network (AKDN) opened a 5-star Serena Hotel in the same year, while the landmark Inter-Continental has been refurbished. The AKDN was also involved in the restoration work of the Bagh-e Babur (Babur Gardens). Another 5-star Marriott Hotel is under construction next to the U.S. Embassy.

Read more about this topic:  Kabul

Famous quotes containing the word economy:

    “Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
    —Henry David Thoreau (1817–1862)

    “War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
    —Doris Lessing (b. 1919)

    “Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
    —Alexander Herzen (1812–1870)