Singapore to pump US$12.4 billion in Indonesia's green economy, logistics port hub

The money will fund renewable energy projects and the development of a logistics hub in Jakarta's Tanjung Priok port (pictured). - Reuters

JAKARTA, Jan 25 (The Straits Tims/ANN): Singapore will be investing US$9.2 billion (S$12.4 billion) to support green investment and build a logistics port hub in Indonesia, President Joko Widodo said on Tuesday (Jan 25).

The money, he said, will fund renewable energy projects in Batam, Riau Islands province, and in Sumba island and West Manggarai in East Nusa Tenggara province, as well as the development of a logistics hub in Jakarta's Tanjung Priok port, the country's largest and busiest seaport.