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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Regional

41 passengers injured as Hong Kong ferry bumps into pier on Central’s waterfront
DPM Zahid emphasises shared goals in meeting with Philippines President Marcos
Malaysia’s strategies as Asean chair in 2025 focus on regional value chains, says Anwar
Asean Foreign Ministers' meeting kicks off in Laos ahead of 44th and 45th Asean Summits
Asean must remain neutral to boost regional investment, says Tengku Zafrul
Engine issues force Cathay Pacific to inspect A350 fleet, cancel flights
Indonesian, Malaysian troops celebrate unity at border in honour of Malaysia's National Day
Singapore proposes new law allowing police to stop bank transfers
Two Malaysians caught with RM3.7mil worth of ganja in the Maldives
Police deploy 1,250 officers for King's installation

Others Also Read