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