East Kalimantan has long been known as the energy basket of Indonesia, oil, coal, gas, mineral can be easily found in this second biggest province in Indonesia. People of East Kalimantan are relatively wealthier than their Indonesian fellas in other province, due to its richness of natural resources, and small population.
MEC Holdings, a Dubai-based company is committed to flood in as much as $ 5 billion to build a railway connecting industrial centers in this province, to better the movability of energy supply ranging 130 km. Indonesia is in dire need for foreign investment to balance the government spending, and to grow its economy even faster. And $ 5 billion is a good chunk of amount. It’s a huge amount during this global slowdown.
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Sitonmylap
8 months ago
dubai-based ? kinda questionable about their credibility at this period of time isn’t it ?
Riza
8 months ago
Wow, maybe it’s time for Indonesia (both Gov’t and citizens) to start working together and supporting each other in developing the Kalimantan Island. Maybe it’d be a good idea to expand an investment area in other regions outside Java and Sumatra. This is what we’re waiting for, an Expansion and Development of Indonesian Business Centers. I hope it will be realized as soon as possible.
Akhyari
8 months ago
Mr Sitonmylap –> About Dubai financial condition, let’s rise our eyebrows only for Dubai World, not all investment institution. And, no matter what the world condition is, investment is a must, to support future financial security and sustainability.
Riza — > Only by joining-hands (govt+citizens), indonesia will reach its goal to be developed country by 2030. Well, now it is still many things to do to sincronize both ends.