Silk Road Fund inks investment agreement with Indonesia Investment Authority


  • World
  • Wednesday, 06 Jul 2022

BEIJING, July 5 (Xinhua) -- China's Silk Road Fund has inked an investment framework agreement with the Indonesia Investment Authority to jointly pursue investment cooperation opportunities in Indonesia.

The two parties will establish a long-term and win-win strategic partnership and leverage their respective resources and expertise to promote socioeconomic development and connectivity between China and Indonesia, according to the Fund.

Given the vast investment potential in Indonesia and Southeast Asia, the Silk Road Fund intends to invest up to 20 billion yuan (about 3 billion U.S. dollars) or the equivalent amount of foreign currencies under the agreement.

The two sides will cooperate via various forms of investment with a focus on supporting local projects that benefit people's livelihoods and promote development in Indonesia, the Fund said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

SoulCycle instructor raises more than RM71,584 for fired staffers
TikTok girds for US election misinformation threat
Germany resumes military flights to Mali after spat over flight clearances
Pioneering Japanese 'butterflies' designer Hanae Mori dies at 96
Unification Church members accuse Japanese media of bias over Abe killing
Bionic hand can be updated with new gestures, anytime, anywhere
Public sector paralysed as Lebanon lurches towards 'failed state'
Estonia says it repelled major cyber attack after removing Soviet monuments
Return-to-office deadline after Labor Day in US sets up showdowns
Hacker tournament brings together world’s best in Las Vegas

Others Also Read