Russia eyes Sumatra for investment

Russia eyes Sumatra for investment

PALEMBANG, South Sumatra: The Russian government has promised to
invest in various sectors in South Sumatra, Ambassador Mikhail M.
Bely told the South Sumatra Governor Syahrial Oesman here.

After touring Jambi and Riau to assess the prospects of
investment, Bely said that he would invite Russian investors to
cooperate in trade and economic development here.

"We will assess the possibility of cooperation with South
Sumatra province in different sectors, such as trade, mining,
plantation and agriculture, as long as it is beneficial for the
two countries and the people," Bely was quoted by Antara as
saying on Friday.

Bely discussed with Syahrial about the business prospects in
South Sumatra and Syahrial explained the opportunity to invest in
coal, oil and natural gas and agriculture.

The governor has also offered incentives to investors who want
to invest in the province. -- JP