Middle East invests in Indonesian mining

An investment arm of Ras Al Khaimah signs an MoU with South Sumatra province to develop its industry and infrastructure.

The government of the South Sumatra province in Indonesia signed a memorandum of understanding with Ras Al Khaimah Investment Authority, or Rakia, and RAK Minerals and Metals Investments RMMI to develop its industry and infrastructure.

The province of South Sumatra holds the largest resources of coal in Indonesia and aims to capitalise on this natural bounty by developing its industrial and logistic capabilities through the help of foreign direct investors.

Earlier this month the government of Ras Al Khaimah, which...

To continue reading, please login or register for free

Click for more on: rakia | rmmi | ras al khaimah

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...