Thursday 10 December 2009

Qatar renews investment commitment

The Qatar Investment Authority, has renewed a 2006 commitment to invest up to US$1 billion in Indonesia to help finance infrastructure projects, an official said.

There is no specific timetable for the investment as yet, as the firm would first carry out feasibility studies on a number of projects in which it is interested in particular energy-related infrastructure projects such as a fuel refinery and power plants, said Aidil Chandra Salim, director for Middle East Affairs at the Foreign Affairs Ministry, Wednesday.

“Finally the Qatar Investment Authority (QIA) has renewed its agreement with the Indonesia government.

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