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Tuesday, May 15, 2007

Saudi bizmen ready to help RI small enterprises

Jakarta (ANTARA) - Saudi businesspeople through Foras Investment Co have expressed readiness to help Indonesian small- and medium-scale enterprises (SMEs), especially those facing capital difficulties, a businessman said.

"Saudi businesspeople are ready to help Indonesian SMEs especially those engaged in plantations, energy and trade," Sudradjat DP, Chairman of the Indonesian Chamber of Commerce and Industry (Kadin)`s Middle East Committee, told newsmen here Monday.

He said the Saudi businesspeople had conveyed their readiness through Kharim Jamil Mukhtar, chief delegate of Foras Inestment Co, who is also assistant to the secretary general of the Islamic Chamber, at a meeting with 40 Indonesian counterparts here on Monday.

The Saudi businesspeople were ready to provide the assistance among others to increase the economic capability of Indonesian businesspersons who are mostly Muslims.

"Similar assistance through Foras Investment Co has also been distributed to a number of SMEs in Senegal, Egypt, Turkey, Pakistan and Malaysia," he said.

The mission of Foras Investment Co. was to increase the economic growth and natural resources in Islamic countries as well as to develop industrial and trade activities to create job opportunities besides improving the economic life of Muslims, he said.

"In addition, the company with capital amounting to about US$ 100 million will also help create new companies in different sectors and help projects which are facing financial problems," Sudradjat said.

Indonesia`s export commodities to Saudi Arabia include paper, automotive batteries, automobiles, tires, garments, food products and electronics while the country`s sole import commodity from Saudi Arabia was crude oil.

Indonesia`s competitors in trade with Saudi Arabia are China, South Korea and Thailand.

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