China Minsheng to Lead Chinese Firms’ Investment of $5b in Indonesia

JakartaGlobe, Muhamad Al Azhari, Apr 21, 2015

A crane at work at Jakarta International Cointainer Terminal (JICT) in Tanjung
Priok, Jakarta, on March 23, 2015. (Antara Photo/Wahyu Putro A.)

Jakarta. Investment fund China Minsheng Investment said on Tuesday that it will lead a group of Chinese private companies to invest $5 billion in Indonesia.

“This investment is a clear demonstration of CMI’s commitment to support China and Indonesia’s existing international agenda on overcoming economic challenges and providing investment for growth,” the company said in a statement to GlobeAsia on Tuesday.

Li Huaizhen, chief executive of CMI, joined the delegation to Indonesia as one of the major representatives of China’s private enterprises to further discuss strategic plans for investment via the Asian-African Business Summit, which started in Jakarta on Tuesday as part of the Asian-African Conference.

CMI said in the statement that it will guide dozens of leading private enterprises to construct industrial parks, which will bring in a variety of industries and sectors to the Indonesian market. That will help companies from China as well as from Indonesia and abroad to establish businesses with interests that include coal, chemicals, iron and steel, power generation, cement, infrastructure, ports and the Internet.

CMI also said in the statement that it will bring its technology, managerial know-how, capital and talent to Indonesia.

GlobeAsia