- Joined
- Aug 7, 2016
- Messages
- 3,055
Just been watching the grand parade to celebrate the arrival of the King of Saudi. What an expensive show....I hope it will be worth it for the Indonesian populace....
Jakpost....
While Saudi oil giant Aramco on Tuesday invested US$7 billion to buy shares in a refining and petrochemical project owned by Malaysia’s Petronas, Indonesia is likely to be left with nothing but petty stuff.
Cabinet Secretary Pramono Anung boasted last week about a $25 billion deal in the energy sector that would be signed by President Joko “Jokowi†Widodo and King Salman on Wednesday.
However, Saudi Ambassador to Indonesia Osama Mohammed Al-Shuibi said the deal would not likely be concluded because more preparations would still be needed.
“The planned cooperation between Aramco and (state energy company) Pertamina was also still being discussed.â€
Although Indonesia and Saudi Arabia are bound together by the brotherhood of Islam, investments by Saudi companies here have remained miniscule compared to those made by non-Muslim countries.
Last year, foreign direct investment from Saudi Arabia only amounted to about $900,000, down from $30 million in 2015, according to the Investment Coordinating Board (BKPM).
FDI Saudi/Indonesia
2010 = $0; 2011 = $100,000; 2012 = $0; 2013 = $400,000; 2014 = $2.9M; 2015 = $30.4M; 2016 = $900,000.
Jakpost....
While Saudi oil giant Aramco on Tuesday invested US$7 billion to buy shares in a refining and petrochemical project owned by Malaysia’s Petronas, Indonesia is likely to be left with nothing but petty stuff.
Cabinet Secretary Pramono Anung boasted last week about a $25 billion deal in the energy sector that would be signed by President Joko “Jokowi†Widodo and King Salman on Wednesday.
However, Saudi Ambassador to Indonesia Osama Mohammed Al-Shuibi said the deal would not likely be concluded because more preparations would still be needed.
“The planned cooperation between Aramco and (state energy company) Pertamina was also still being discussed.â€
Although Indonesia and Saudi Arabia are bound together by the brotherhood of Islam, investments by Saudi companies here have remained miniscule compared to those made by non-Muslim countries.
Last year, foreign direct investment from Saudi Arabia only amounted to about $900,000, down from $30 million in 2015, according to the Investment Coordinating Board (BKPM).
FDI Saudi/Indonesia
2010 = $0; 2011 = $100,000; 2012 = $0; 2013 = $400,000; 2014 = $2.9M; 2015 = $30.4M; 2016 = $900,000.





