Thursday 19 September 2019

Indonesia says #AbuDhabi extends investment proposals worth at least $1 bln - Reuters

Indonesia says Abu Dhabi extends investment proposals worth at least $1 bln - Reuters:

Indonesia is considering investment proposals from Abu Dhabi’s sovereign wealth fund worth at least $1 billion, an Indonesian minister said on Thursday.

The proposals offer two scenarios for the Abu Dhabi Investment Authority (ADIA) to invest in Southeast Asia’s largest economy, Luhut Pandjaitan, Indonesia’s coordinating minister of maritime affairs, said in a statement.

In one of the scenarios, the fund could directly invest about $1 billion in property projects including in tourism areas.

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