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Indonesia Seeks Investments from Singapore

Indonesia's State-Owned Enterprises Minister Erick Thohir invited Singapore to invest in the energy, tourism, and financial sector in the country, following the establishment of its Sovereign Wealth Fund or known as Indonesia's Investment Authority (INA).

Erick said that the government has been working relentlessly to keep the wheels of the economy turning amid the pandemic. In the next three years, the State-Owned Enterprises Ministry will carry out 88 big projects or investments.

Therefore, during his working visit to the City-State the minister invited Singapore to be part of the projects as Indonesia welcomes investment from foreign investors.

"President Joko Widodo has formed and appointed professionals to handle Indonesia's Sovereign Wealth Fund or INA. Many prospective projects are being prepared as they will provide good returns, "said Erick in a statement on Sunday, February 21.

The minister highlighted three areas for collaboration namely energy, tourism, and the financial sector. Erick expressed hope that the invitation to invest in Indonesia will be further discussed.

Source: https://go.kompas.com/read/2021/02/21/133922674/indonesia-seeks-investments-from-singapore.