Mitsubishi to Invest Up to $20bn in Indonesia

Jakarta Globe, March 02, 2011

President Susilo Bambang Yudhoyono, right, welcoming the arrival of Mitsubishi
 Corp. CEO Ken Kobayashi and a delegation from the company at the presidential
 palace on Wednesday. The automobile company plans to invest up to $20 billion in
Indonesia. (AFP PHOTO)  

     

Related articles

• Govt Targets $80 Billion in Manufacturing Investment
• French Firms Eye $10b of Investment in Indonesia
• L’Oreal’s to Build its Largest Factory in Indonesia
• United Kingdom ‘Concerned’ About Indonesian Investment Climate
• Trimex Signs Deal to Build $850m Titanium Factory

Indonesia said on Wednesday that Japan's Mitsubishi Corp. planned to invest up to $20 billion in the Southeast Asian nation over 10 years in projects ranging from car making to infrastructure.

The Japanese conglomerate "will invest in several projects in Indonesia," said the head of Indonesia's Investment Coordinating Board, Gita Wirjawan, after meeting Mitsubishi president and chief executive Ken Kobayashi and President Susilo Bambang Yudhoyono.

Other projects Mitsubishi is interested in are the Jakarta area's airport railway project, construction of a sport utility vehicle (SUV) plant and construction of a power plant, officials said. Mitsubishi is already involved in Indonesia's petroleum, shipping, fertilizer and industrial machinery sectors.

Agence France Presse