Samsung's investment in RI

Thu, 01 May 1997 | Source: REUTERS

SEOUL (Reuter): Samsung Corp, the trading unit of South Korea's Samsung Group, said yesterday it and its two partners would invest US$500 million to develop a residential and commercial complex in Indonesia.

The project would be invested 20 percent by Samsung, 20 percent by Nissho Iwai Corp of Japan and 60 percent by Suryamas Group of Indonesia, a Samsung official said.

The complex will be built near Jakarta over the next 12 years.

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