An Indonesian company operating in engineering and construction, PT. Wijaya Karya (WIKA), will be involved in a project to build 8,000 houses in Saudi Arabia with an investment value of US$2 billion. The Chairman of the Indonesian Chamber of Commerce … Continue reading →
Saudi Arabia will be exploring investment opportunities in Indonesias non-oil and gas sectors, especially in the tourism, housing, healthcare, and logistics sectors. Saudi Arabia is looking to expand its investment outside the oil and gas sector as there are other … Continue reading →
King Salman bin Abdulaziz al-Saud State-owned met with President Joko Widodo at the Bogor Palace yesterday. In the meeting, Saudi Aramco agreed to invest USD6 billion or roughly IDR80.1 trillion. Foreign Minister Retno Marsudi said that Jokowi has welcomed the … Continue reading →
The World Bank has approved $125 million in financing to support the government’s project aimed at upgrading dams across the country, which will have an impact on about 11 million people living around the sites. The second phase of the Dam … Continue reading →
The Indonesian Trade Ministry is preparing a strategy to increase non-oil/non-gas exports by 5.63 percent this year by encouraging the export of South Sulawesi provinces key commodities, among others. The strategy includes encouraging synergy among the central government, regional administrations, … Continue reading →