Saturday, 7 December 2019

SOEs Expanding to Africa; Plans to Sign Gold, Railway Projects

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Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - State-owned companies will sign partnership deals with a number of African investors, official says. There are at least six to seven projects that will be signed in Bali next month during the Indonesia-Africa Infrastructure Dialogue.

    "The work includes a railway project in Madagascar and a mining project in Sudan," Fajar Harry Sampurno, the SOE Ministry's deputy for mining, strategic industries and media, said in Jakarta, Wednesday, July 24.

    The mining projects, Fajar said, include tin, chrome, and gold, among others.  

    Fajar said that Indonesia Eximbank (IEB), the national export financing institution, will also sign four agreements. He did not elaborate on the sectors, saying that it is still being discussed.

    Last year, Indonesian SOEs have taken on projects in Africa. Among them are Wijaya Karya in Algeria and Nigeria, PT Timah in Nigeria, and aircraft producer Dirgantara Indonesia in Senegal.

    Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan had said that Indonesia plans to open new markets in Africa. "There are a lot of Indonesian products that we can export there," he said.

    TEMPO.CO