Tue, 11 Oct 2011

From: The Jakarta Post

By From:The Jakarta Post
Slovakia was planning to invest US$ 1 billion in Indonesia, visiting Slovakia President Ivan Gasparovic told reporters on Monday in Jakarta.

He said the investment plan would be included in seven agreements due to be signed on Tuesday.

Gasparovic delivered the plan after meeting with President Susilo Bambang Yudhoyono in Merdeka Palace Jakarta on Monday.

“There are fields to be explored in the areas of trade, agriculture, electricity, power plant generators and heavy machinery,” President Gasparovic said.

President Yudhoyono said Slovakia planned to construct a cement factory in Central Java and West Papua, a tire factory in Banten and electrical power plants in Lombok (West Nusa Tenggara) and Batam (Riau islands.

“Indonesia has sent nine proposals to Slovakia. The proposals are in food and agriculture, renewable energy, trade and investment, banking, education, mass media, infrastructure and manufacturing, tourism and culture,” he said.