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Jumat, 29 Juni 2012

Indonesian investment


The Indonesian Investment Coordinating Board (BKPM) and the Algerian National Investment Development Agency (ANDA) have signed a much-awaited Memorandum of Understanding (MoU) to enhance cooperation in the investment sector.

"The MoU between the two investment coordinating agencies is the fruit of a longstanding process they have explored since a few years ago," Extraordinary and Plenipotentiary Ambassador of Indonesian to Algeria Ahmad Niam Salim said in an emailed statement on Tuesday.

The MoU was expected to enhance bilateral cooperation in economic and investment fields in support of the two nations’ welfare, he said. "Thank God, the MoU could be signed after a long process. This is the first MoU during my term of office as an extraordinary and plenipotentiary ambassador of Indonesian to Algeria and I hope this MoU will be followed by other MoUs."

The MoU was signed by BKPM Deputy Chief Achmad Kurniadi and ANDI Secretary General Khoiar Djouada on the sidelines of an expert meeting forum between the two countries at Mitsaq Hotel, Algeria, on Monday. Also present at the signing ceremony were Indonesian Ambassador to Algeria Ahmad Niam Salim, and head of the Indonesian delegation Roni P. Yulianto who is also the foreign ministry’s director for the Middle East.

Meanwhile, the Algerian side was represented by director for Asia at the foreign ministry Naceur Boucherit and a number of ANDI officials. Achmad Kurnia expressed hope the MoU would soon be followed up on by taking practical steps to mutually explore the possibility of business and investment cooperation in a more real way.

"This MoU is good news for Indonesian businessmen wishing to expand their businesses in Algeria. We hope that the two agencies will follow up on the MoU by taking technical steps in the investment field."

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