Antara News, Saturday, February 6, 2010 06:10 WIB
Jakarta (ANTARA News) - Indonesian Ambassador to Russia Awaluddin Hamid said some Russian investors were interested in investing in Indonesia`s mining sector.
"Some Russian businessmen are interested in investing in gold and coal mining," Awaluddin said at the Foreign Affairs Ministry here Friday.
A number of Russian entrepreneurs had joined the Russian Business Academy which had offered to cooperate with Indonesian entrepreneurs to run mining ventures, Awaluddin said.
He said the Russian businessmen appreciated Indonesia`s natural wealth and rapid government response to foreign cooperation opportunities.
The ambassador also urged regional government heads in Indonesia to be more pro-active in promoting their regions` potentials.
In 2009, Indonesia-Russia trade experienced an increase of 48 percent to 1.6 million US dollars, Hamid said.
"Palm oil is the most popular commodity in Russia, even the market is still asking for additional supplies," he said.
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