middle-east-invests-in-indonesian-mining

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 is part of the United Arab Emirates, formed RMMI so as to help build mineral supplies to cater to the growing demand for such resources. Rakia officials forecast theyÆll invest more than $1 billion in...
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