Indonesia to Invest USD 412 billion in Infrastructure Between 2020 and 2024
With plans including the construction 25 airports and new power plants, Indonesia hopes to boost the economy by investing a record 5,957 trillion rupiah (USD 412 billion) in Infrastructure projects from 2020 – 2024. Around 40% will be directly funded by the...
Indonesian Rail Project Expects USD 18 Billion from Satellite Towns
The Indonesian-Chinese consortium building a high-speed rail link between the capital Jakarta and Bandung, a textiles hub, expects to earn USD 18 billion from developing four satellite towns and industrial centers. The joint venture to build the high-speed railway was...
Sunsuria Partners with Chinese Corporations for Logistics Park and Automotive Technology
Sunsuria Bhd, a Malaysian investment holding company, has signed a Memorandum of Understanding (MOU) with Chinese logistics provider Sinotrans to explore setting up a smart logistics park in Malaysia, and a Strategic Cooperation Agreement (SCA) with IAT automobile...