From Government of Indonesia

Saudi Group Plans to Invest $2b

Saudi Arabian conglomerate the Savola Group plans to invest $2 billion in a number of business areas in Indonesia.

The group will team up with local partners to do business in the food and beverage industry, retail business, agribusiness and property sector, an executive of the Indonesian Chamber of Commerce and Industry (Kadin), Rudi Rusli, said, adding that the group plans to open hypermarkets in the country.

The company management has also met with prospective local partners, he said, according to Antara.
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