AGENCE FRANCE-PRESSE, Wednesday February 20, 2002 6:11 PM
Kuwait plans to invest two billion dollars in Indonesia: minister
JAKARTA, Feb 20 (AFP) - Visiting Kuwaiti Finance Minister Yousif al-Ibrahim said
Wednesday his country plans to invest two billion dollars in various development
projects in Indonesia, the state Antara news agency reported.
"The Kuwaiti government is awaiting the Indonesian government's response to our
plans for direct investments," Ibrahim was quoted as saying after meeting Vice
President Hamzah Haz.
He said the planned investments were aimed at "helping Indonesia's economic
development" but did not say in what sectors they would be or over how many years.
The Kuwaiti minister had earlier in the day held talks with President Megawati
Sukarnoputri.
Ibrahim will leave Jakarta for Singapore on Thursday.
The Kuwaiti ambassador to Indonesia, Jamal al-Nesafi, has said the Gulf state
previously provided 280 million dollars in assistance to build infrastructure in
Indonesia.
Another 50 million dollars is being prepared for this year, he said.
Kuwait will also rebuild 10 villages destroyed by sectarian unrest and recent floods in
the provinces of Maluku, Central Sulawesi and East Nusa Tenggara and on Madura
island.
Fifty houses, a clinic, a school and places of worship will be built in each of the 10
villages.
Kuwait's current investment in Indonesian oil exploration stands at 1.2 billion dollars.
Copyright © 2001 AFP. All rights reserved.
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