Saudi Prince Mulls Hotel Investment
Saudi Prince Alwaleed bin Talal bin Abdul Azis Al Saud, who is chairman of his country's holding company, has expressed interest in investing in Indonesia's hotel business.
Speaking to the press after meeting with President Susilo Bambang Yudhoyono at the latter's office in Jakarta last March 30, the prince said his company would like to invest in the hotel business first before entering other investment sectors.
"Hopefully, we can do something concrete within the next few months after things have been agreed on," he was quoted as saying by Antara.
The prince said it was too early to reveal the extent of the investment because the relevant negotiations were still underway, adding that an announcement would be made in the future.
The world's fifth richest businessman said the business climate in Indonesia would improve following the completion of the country's investment law, which is expected to make it easier for foreign parties to invest in Indonesia.
Speaking to the press after meeting with President Susilo Bambang Yudhoyono at the latter's office in Jakarta last March 30, the prince said his company would like to invest in the hotel business first before entering other investment sectors.
"Hopefully, we can do something concrete within the next few months after things have been agreed on," he was quoted as saying by Antara.
The prince said it was too early to reveal the extent of the investment because the relevant negotiations were still underway, adding that an announcement would be made in the future.
The world's fifth richest businessman said the business climate in Indonesia would improve following the completion of the country's investment law, which is expected to make it easier for foreign parties to invest in Indonesia.