[ppi] [ppiindia] Abdullah, Yudhoyono Hold Talks

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http://www.arabnews.com/?page=1&section=0&article=81296&d=26&m=4&y=2006

            Wednesday, 26, April, 2006 (28, Rabi` al-Awwal, 1427


                  Abdullah, Yudhoyono Hold Talks
                  M. Ghazanfar Ali Khan, Arab News

                 
                    
                        

                        King Abdullah and President Yudhoyono confer in Riyadh. 
(SPA)    
                        
                  RIYADH, 26 April 2006 - Custodian of the Two Holy Mosques 
King Abdullah held wide-ranging talks with Indonesian President Susilo Bambang 
Yudhoyono, who arrived here yesterday to seek investment and discuss bilateral 
and international issues of common concern. The talks continued late into the 
night amid reports that Indonesia hopes to raise some $8 billion in investment 
from Saudi Arabia and other Middle Eastern countries.

                  "The summit talks covered the whole gamut of bilateral, 
regional and international issues with special reference to trade and 
investment relations between Riyadh and Jakarta," said Arif Suyoko, a spokesman 
of the Indonesian Embassy.

                  Upon arrival, the king, Crown Prince Sultan and Riyadh 
Governor Prince Salman received the Indonesian president at the Riyadh Airbase.

                  "The visit is aimed at promoting trade and investment 
relations besides reviewing other aspects of our relationship," said Indonesian 
State Minister for State Enterprises Sugiharto, adding that offering investors 
Shariah and sukuk bonds in the Middle East would help raise funds for his 
country. Under this plan, the investors would jointly own project equipment and 
assets in exchange for their financing. Indonesia is seeking foreign direct 
investments in ports, turnpikes and other construction projects.

                  Despite sharing very cordial relations with Saudi Arabia and 
other countries in the region, Indonesia has not been able to attract many 
investments from the Middle East. Saudi Arabia and Jordan together invested 
only $2.4 million in Indonesia last year.
                 
           
     


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