RAK digs in on Borneo coal project - The National Newspaper

Ras al Khaimah remains committed to a huge coal project in an isolated corner of Indonesia, with plans to “add value” to the development without having to invest more capital, top officials say.

The emirate is still studying how the project would directly tie in to its economy, said Sheikh Saud bin Saqr, Crown Prince and Deputy Ruler of Ras al Khaimah. But under the current plans, RAK entities may not have to put any substantial equity into the project.

“They have a fantastic coal mine and I think we could add value to it,” Sheikh Saud said last Monday. “It’s huge for us.”