Dubai investors to invest US$3.5 billion in Indonesia

A number of investors from Duba, the United Arab Emirate (UAE), have expressed commitment to investing US$3.5 billion in Indonesia, President Susilo Bambang Yudhoyono said before concluding his working visit here on Thursday.

President Yudhoyono pointed out that a number of companies in the Middle East such as Bin Ladin Group, Emaar Properties, Gulf Petroleum, Pacific Inter Link, Jumeirah Group, and Ras Al Khaimah would invest in Indonesia.

"They have expressed commitment to investing in Indonesia and said they were happy to do so," Yudhoyono said, adding that the government would try to do its best in creating conducive climate for investment in the country.

Earlier on Wednesday morning Yudhoyono held a business meeting with 75 business makers from 37 companies during his working visit in the United Arab Emirates (UAE).

The president and his entourage arrived at Dubai`s Royal Air Wing international airport at 7.15 local time on Tuesday after flying for about 10 hours from Johannesburg, South Africa.

After the meeting with the businessmen, Yudhoyono held a special meeting with a number of businessmen including the CEO of Emaar (tourism investor in Lombok), M Ali Alabbar, the CEO of Pacific Inter Link (Agrobusiness), Fouad Hayil Saeed from Qatar Islamic Bank, Abdul Latif bin Abdulla al Mahmod of Ras Al Khaimah dealing with infrastructure sector.

In addition,...