ME investors to pump $3bn into Indonesia

Indonesian President Susilo Bambang Yudhoyono said Middle East investors plan to spend about $3bn on projects in the South Asian country, reported Bloomberg, citing Bisnis Indonesia newspaper. The investors include AlBaraka Banking Group (ABG), Emaar Properties, Pacific Inter-Link Sdn Bhd, Al Ghurair Group, Ras Al Khaimah and Limitless. The planned projects include a tourist resort, an oil palm plantation, an oil refinery, a port, a railway and properties.