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Indonesia, China companies sign 12 MOUs to strengthen business relations

JAKARTA (Rambu Energy) – President Joko Widodo on Sunday (Nov 9) witnessed a signing of 12 memorandum of understanding (MOUs) between Indonesian companies and their China counterparts, in a move to strengthen investment and business relations between the two countries. The MOUs cover various sectors, such as logistic, transportation, mining, energy, sugar industry and industrial area.

In a media statement, the Indonesian Chamber of Commerce and Industry (KADIN) said that the MOUs were signing during a business gathering, held in conjunction with the Asia Pacific Economic Cooperation (APEC) Summit in Beijing.

“Indonesia needs to step up efforts to gain benefits of the bilateral and regional cooperation to the optimum level for the welfare of the people, such as with China which has been going on for long,” Chairman of KADIN Suryo Bambang Sulisto said in a statement Sunday.

The MOUs are as follows:
(1) PT Zadasa with Shen Zhen Tian He Wei Hang with investment value of US$ 5.510 million,
(2) PT Resteel Industry with China Railway Construction,
(3) PT Eka Sampoerna Sukses with Fujian Yinhai Group with investment value of US$1.3 million,
(4) Maspion Group with Shining Resources to build a smelter plant worth US$100 million,
(5) Global Sukses Group and Cahaya Sukses International with Fujian Tian Mao with investment value of US$1.5 million
(6) PT Wijaya Infrastruktur Indonesia with Golden Mega International Holdings with investment value of US$120 million,
(7) PT Integral Mining Nusantara with Jiangsu Wei-Wei Mining with investment value of US$775 million,
(8) PT Sinar Sukses Mandiri (a general trading company) with Zhong Ji Hao with investment value of US$306 million.
(9) PT Indonesia Energy Prima with SDIC International Trade with investment value of US$350 million,
(10) PT Kayan Hydro Energy with Shanghai Electric Power with investment value of US$17.8 million
(11) PT Adaro Power with China Shenhua Overseas,
(12) PT MAESA Optimalah Mineral with Vansun Holding Group

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