Al Habtoor eyes Indonesia business ties
Dubai, October 14, 2012
Al Habtoor Group, a leading diversified group in the UAE, recently held discussions with a high-level delegation from Indonesia aimed at developing bilateral ties and potential business opportunities.
The team led by Salman Al Farisi, the Indonesian Ambassador to the UAE; Fajar Nuradi, Consul, CG of the Republic of Indonesia and Cahyo Purnomo, the head of Indonesia Investments Promotion Centre (IIPC) of Abu Dhabi met Al Habtoor Group executives Mohammed Fadhel Al Mazrooei, the managing director; Paul Rayner, adviser to the chairman; KP Rajan, the group financial advisor and Sanjeev Agarwala, the director of strategy and business development.
Speaking after the meeting, Al Mazrooei said, “The Al Habtoor Group is exploring potential investment opportunities in the Asia-Pacific region, including in Indonesia, where the country is experiencing economic growth. Indonesia remains one of the fastest growing and most stable economies in Asia.”
The visiting delegation said the Indonesian government was impressed with the economic activity in the UAE as well as Al Habtoor Group’s practices.
The officials said Indonesia was keen to develop business links with the UAE and further increase its ties. In the first quarter, the bilateral trade between Indonesia and the UAE reached $700 million. Oil and petrochemicals were the major imports for Indonesia.
A UAE-based conglomerate, the Al Habtoor Group is best known for construction. But, it is globally recognised through its involvement in the hotel, automotive, real estate, education, insurance and publishing sectors.-TradeArabia News Service
More Finance & Capital Market Stories
- Islamic Development Bank triples capital
- Emirates NBD launches $1bn bond
- Kuwait budget surplus may hit $52 billion
- Peru road shows target Mideast markets
- EFG Hermes Q1 net profit up 27pc
- ADCB sells $300m of subordinated bonds
- Standard Chartered’s credit card wins award
- Emirates NBD seals Dubai tower deal
- Dar Al Arkan raises $450m from sukuk sale
- Barclays advises on equities over bonds