Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

March 21, 2008

INDONESIA/INVESTMENT
Dubai firms expected to commit $3.5 billion in Indonesia

A number of investors from Dubai, the United Arab Emirates (UAE), have expressed commitment to investing $3.5 billion in Indonesia, national news agency Antara quoted Indonesian President Susilo Bambang Yudhoyono as saying Thursday.

Yudhoyono, before concluding his working to Dubai, said that a number of companies in the Middle East such as Bin Ladin Group, Emaar Properties, Gulf Petroleum, Pacific Inter Link, Jumeirah Group, and Ras Al Khaimah would invest in Indonesia.

"They have expressed commitment to investing in Indonesia and said they were happy to do so," Yudhoyono said, adding that the government would try to do its best in creating conducive climate for investment in the country.


Earlier on Wednesday, Yudhoyono held a business meeting with 75 business makers from 37 companies in the United Arab Emirates (UAE). Yudhoyono also held a special meeting with a number of businessmen including the CEO of Emaar (tourism investor in Lombok), M Ali Alabbar, the CEO of Pacific Inter Link (Agrobusiness), Fouad Hayil Saeed from Qatar Islamic Bank, Abdul Latif bin Abdulla al Mahmod of Ras Al Khaimah dealing with infrastructure sector.


More on Indonesia


March 20, 2008
FDI approvals up 20% in January

March 15, 2008
French businesses offered opportunities to develop Banten


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com