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FINANCIAL NEWS
Qatar, Indonesia USD1b joint fund to start operation
26 Sep 2016
(MENAFN) USD1bn mutual investment fund launched by Qatar and Indonesia in its finishing stages and will fund main infrastructure and energy projects.
Additionally, Indonesia”s 15pct share of the fund is ready, while it is waiting for the Qatari Investment Authority to select from many projects Indonesia prepared.
Moreover, the joint investment fund should be made into a reality because the Indonesians already offered 4 to 5 projects to be selected by the QIA.
The fund improved the economic co-op between both countries last year and will be used in infrastructure, roads, power plants and other sectors.
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