Business | General
Indonesia to get $3b from Middle East
Middle East investors plan to spend about $3 billion on projects in Indonesia, Bisnis Indonesia newspaper reported, citing President Susilo Bambang Yudhoyono.
- Bloomberg
- Published: 00:16 March 23, 2008
Jakarta: Middle East investors plan to spend about $3 billion on projects in Indonesia, Bisnis Indonesia newspaper reported, citing President Susilo Bambang Yudhoyono.
Emaar Properties PJSC, Pacific Inter-Link Sdn Bhd, Al Ghurair Group, Ras Al Khaimah and Limitless LLC are among the investors planning to enter Indonesia, Bisnis said.
The planned projects include a tourist resort, an oil palm plantation, an oil refinery, a port, a railway and properties, according to the newspaper.
The fast-growing South Asian country is trying to attract foreign investments. At the same time Gulf countries flush with record oil revenues are increasingly looking abroad to invest.
More from Business General
More from Business
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
