Kuwait to invest $4 billion in Indonesia
Kuwait-Indonesia, Economics, 2/24/2000
Kuwait said it will soon invest some $4 billion in the oil industry in Selayar island, Indonesia, Indonesian news agency ANTARA reported on Wednesday.
The announcement was made by Kuwaiti ambassador to Indonesia Jamal Al-Nesafi after distributing gifts to around 3,000 orphans in Bogor, West Java.
"We will soon invest $4 billion in the oil sector in Indonesia," he said.
Kuwait has reportedly invested around $1.250 billion in Seram Island.
The diplomat further stated that his government is currently arranging a visit of Kuwaiti businessmen to Indonesia for exploring business possibilities.
He said Kuwait is still in a dire need of furniture and skilled workers from Indonesia and needs around 4,000 male and female nurses from Indonesia to be employed at a number of hospitals.
At present about 1,700 Indonesian skilled workers are employed in Kuwait, he said.
Kuwaiti shopping festival coincides with renewed prosperity
28 companies in first fashion show in Kuwait
Indonesian president arrives in Kuwait
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
| Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info