Antara, Jakarta | Thu, 06/26/2008 4:33 PM
A Saudi investor has proposed Indonesia and Saudi set up a joint promotion company to increase investment in both countries.
According to the chairman of the Global Unions Company of Saudi Arabia, Dr. Khalid S. Al Musa, the proposed body would promote investment projects.
He said the joint company would also serve as a consultant, and that Saudi Arabia was ready to conduct a feasibility study on its establishment.
Indonesia's exports to Middle Eastern markets are relatively small, Al Musa said, adding that bilateral relations in the business sector were increasing.
Saudi investment in Indonesia has reached US$28 billion.
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