Thursday 20 October 2011

Eying Mining Boom, UAE Companies To Invest $10b in Indonesia Next Year | The Jakarta Globe

The United Arab Emirates plans to invest up to $10 billion in various mining and infrastructure projects here next year, Indonesia’s ambassador to the federation said on Wednesday.

For instance, Abu Dhabi Investment Authority, an investment company owned by the emirate of the same name, expressed interest in an alumina smelter plant in West Kalimantan.

“They are interested in mining and infrastructure,’’ Ambassador M. Wahid Supriyadi said on the sidelines of a trade exposition in Jakarta.

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