Middle Eastern countries 'committed to helping Indonesia'<\/p>\n
JAKARTA (JP): A number of Middle Eastern countries have given
\ncommitments to help Indonesia's economic recovery and are ready
\nto invest in the country, Minister of Foreign Affairs Alwi Shihab
\nsaid on Wednesday.<\/p>\n
He said Kuwait, Saudi Arabia and Oman had made concrete plans
\nfor new investments in the oil, petrochemical and fishery
\nsectors.<\/p>\n
"The government of Kuwait, for example, says it will inject
\nsome US$30 million for an oil and gas exploration project on
\nSeram island in Maluku," Alwi was quoted by Antara news agency as
\nsaying after a meeting between President Abdurrahman Wahid and
\nministers from the three Arab countries.<\/p>\n
Kuwait Minister of Foreign Affairs Sulemen Al-Shaheen, Oman
\nMinister of Trade and Industry Maqbool Ali Sultan and Saudi
\nArabia Minister of Industry and Electricity Hashim Yamani met
\nwith the President in separate sessions. They are in Jakarta to
\nattend the Ministers Meeting on Investment in Indonesia, jointly
\nheld by the Ministry of Foreign Affairs and state investment bank
\nDanareksa.<\/p>\n
Alwi said the government of Kuwait had committed to gradually
\nincrease its investment in the three-year oil and gas project on
\nSeram island to $170 million.<\/p>\n
He said Kuwait also planned to invest in other feasible
\nprojects.<\/p>\n
Saudi Arabia says it will find investment opportunities in the
\noil and petrochemical sectors, while Oman is eying the fishery
\nand oil field sectors, he added.<\/p>\n
Delegations of ministers, fund managers and businesspeople
\nfrom Kuwait, Oman, Saudi Arabia, Yemen, Iran, Qatar, the United
\nArab Emirates and Bahrain, as well as Singapore, Brunei and
\nMalaysia, are currently in the capital attending a meeting on
\ninvestment opportunities in the country.<\/p>\n
At the meeting, the government, through the Indonesian Bank
\nRestructuring Agency (IBRA), is offering delegates the
\nopportunity to purchase assets and companies currently under
\nIBRA's supervision, including such assets of the Salim Group as
\nWisma BCA, a mosquito coil factory, retail chain Indo Marco, a
\npalm oil plantation, Bintan Resort, a sugar refinery, a coal mine
\nplant and private television station Indosiar.<\/p>\n
The delegates are also being invited to invest in PT Aneka
\nTambang, PT Bukit Asam Batubara, PT Perkebunan Nusantara IV, PT
\nGajah Tunggal Tire, PT Indosat, PT Jasa Marga, PT Merpati
\nNusantara Airlines, PT Angkasa Pura and PT Pelabuhan Indonesia
\nII, which are on the government's list for immediate
\nprivatization. (cst)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/middle-eastern-countries-committed-to-helping-indonesia-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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