Norfund invested in this hotel project in 2005. The hotel was built following a desire from the authorities to have a hotel in Kabul that meets international standards. After the terrorist attack in January 2008 increased emphasis was put on security and protection. The main owner of the company is the Aga Khan Fund for Economic Development (AKFED), a fund which has broad experience in industrial development in this region. The hotel constitutes an important part of the local infrastructure and enables Afghanistan to offer suitable meeting and conference facilities to visitors and businesspeople.