Qatar interest in tire industry
A group of investors from Qatar led by Qatar Islamic Bank wants to invest in the tire industry in the country, said Alwi Shihab, the special presidential envoy for the Middle East, Asia Pulse reported.
Shihab said the investors want to invest in Indonesia as 50% of the Middle East's tire requirement has been supplied by Indonesia.
Chairman of the association of tire producers Aziz Pane said the investors would be shown two local tire factories that recently stopped operations which could be purchased for $150 million.
Shihab said the investors want to invest in Indonesia as 50% of the Middle East's tire requirement has been supplied by Indonesia.
Chairman of the association of tire producers Aziz Pane said the investors would be shown two local tire factories that recently stopped operations which could be purchased for $150 million.