Indonesia invites Saudi Arabia to invest in its sovereign wealth fund


Indonesian Finance Minister Sri Mulyani Indrawati . - Bloomberg

JAKARTA (The Jakarta Post/ANN): Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board to invest more in Indonesia, particularly through the planned sovereign wealth fund that is to be channelled for projects intended to aid the country’s development.

The minister’s efforts to offer investment projects through the sovereign wealth fund to Saudi Arabia came amid what she described as sluggish economic conditions in the United States and China, two countries that had been Indonesia’s main investment sources.

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