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Home INDONESIA GULF NATIONS NEWS

Saudi Arabia eyeing extensive investment in Indonesia: minister

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July 22, 2022
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Saudi Arabia eyeing extensive investment in Indonesia: minister
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Banjarmasin (ANTARA) – Saudi Arabia doesn’t wish to lose Indonesia as a associate and is seeking to make investments extra within the nation, Coordinating Minister for Maritime Affairs and Funding, Luhut Binsar Pandjaitan, has disclosed.

The Crown Prince of Saudi Arabia, Mohammed Bin Salman, has mentioned that Saudi Arabia is keen to extensively put money into Indonesia, the minister mentioned in Banjarmasin on Friday.

The Crown Prince conveyed this to Minister Pandjaitan throughout his working go to to Saudi Arabia two months in the past. Prior to now 4 months, the minister has met the Crown Prince twice.

“He mentioned, ‘Common Luhut, I ask for one factor.’ He advised his ministers, principally ‘I do not wish to lose Indonesia like we misplaced China within the 80s. We wish to put massive funding in Indonesia,’” Minister Pandjaitan recalled.

Associated information: Pandjaitan visits Saudi Arabia to discover funding alternatives

He mentioned that Saudi Arabia needs to put money into a number of sectors which are at the moment being developed in Indonesia.

“‘(The Crown Prince mentioned that) No matter you make, I’ll go together with you. It doesn’t matter what, I wish to (put money into) the capital, I (wish to put money into) the mangroves, I (wish to put money into) excessive tech, I (wish to put money into) the info heart,’ et cetera,” the minister added.

Pandjaitan mentioned that this had by no means occurred earlier than. Indonesia’s relations with Saudi Arabia are so good proper now that it allowed Indonesia some further Hajj quota, he famous.

Saudi Arabia did this as a result of it sees Indonesia as a rustic that’s at the moment creating and rising right into a promising funding vacation spot, he added.

Minister Pandjaitan mentioned that Indonesia is just too massive a rustic to facet with one other nation. He additional mentioned he’s assured that Indonesia might turn into an unbiased nation, given its personal sources.

In accordance with him, cooperation with any nation will be undertaken so long as it advantages the residents.

Associated information: Saudi curiosity in new capital improvement should be welcomed: Indef

Associated information: Indonesia explores funding cooperation with Saudi Arabia

 

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