Saudi Economic Survey | 23 June 2010 [caption id="attachment_13671" align="alignright" width="289" caption="Indonesia\'s Minister of Agriculture Suswono"]
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(Saudi Arabia) -- Indonesia's Agriculture Minister Suswono announced that his country has introduced new regulations in its investment law under which foreign investors will be allowed to have a maximum ownership of 49% in plantations producing staple foods.
"We have made amendments in the country's foreign investment law in a way removing hurdles in attracting foreign investors. Bestill viagra online, One major factor for enacting the new law was Saudi Arabia's halting of investment projects worth billions of riyals in the country," he said while addressing businessmen at the Chamber of Commerce and Industry in Jeddah.
The minister paid a visit to the Kingdom on June 11- 13 as part of a major campaign to persuade Saudi Arabia into investing in agricultural business opportunities in Indonesia, ordering viagra pills. Suswono met leading businessmen in the Kingdom to discuss agricultural business opportunities in Indonesia. Last year, the two countries signed an agreement to set up Saudi Indonesian Agricultural Investment Company with a capital of SR 1.8 billion, cheap viagra overnight delivery. αγοράζουν φτηνά viagra, Several leading Saudi businessmen, including Al Muhaideb, Al Othaim and Al Batterji have agreed to take part in establishing the joint venture, buy viagra online legally. They said that there have not been any Saudi agricultural investments in Indonesia. New Hampshire NH N.H. , Even though Saudi investors made announcement about making investments worth SR 18 billion over the last two years, so far no investments have come to his country.
"Last year, billige viagra Apotheke, Saudi Arabia's Bin Laden Group stalled plans for a $4.3 billion project to develop two million hectares of land in Indonesia. Cheap viagra overnight delivery, However, the project has not materialized yet," the minister said while noting that there were no Gulf Arab firms operating in the Southeast Asian country, but hoped to attract investors during his visit. Order viagra pills, "We still have some difficulties internally in arranging land for largescale farming, which are requested by foreign investors. This is due to environmental reasons to protect our rainforests, Missouri MO Mo. ," the minister said, Cheapest viagra, adding that the government has since issued regulations for investment in large farming.
Earlier this month, changes were announced to the "negative investment" list of sectors off-limits to investors from overseas, Kansas KS Kans. .
Indonesia is expected to produce 37 million tons of milled rice this year, Pharmacy viagra, which exceeds 35 million tons required to satisfy domestic demand, he said. Indonesia has more than 7.7 million hectares of unused land that is in need of development, Suswono said, cheap viagra overnight delivery.
"There is untapped potential for agribusiness investment in Indonesia, billig kaufen viagra, particularly for food crops, Vermont VT Vt. , industrial processing, horticulture and land stock industry," he said, ostaa halvalla viagra.
Gulf countries, New Mexico NM N.Mex. , who mainly rely on food imports, have been investing in farmland overseas to secure their food supply, but difficulty in regulations has led to delays in tapping Indonesian farming opportunities, purchase viagra online. Indonesia needs billions of dollars in investment to support its target of 7% economic growth by 2014. Buy viagra cod, During his visit, Suswono also revealed that Indonesia expected a 6% rise in its milled rice harvest this year, leading to a surplus of 2 million tons, For viagra online. Cheap viagra overnight delivery, The country is expected to produce 37 million tons of milled rice this year, which exceeds the 35 million tons required to satisfy domestic demand.
"The Saudi minister for agriculture expressed the readiness of his country to make investment in Indonesia, Viagra discount, particularly in the rice development sector," the minister said.
To follow up the results of his visit to Saudi Arabia, Rhode Island RI R.I. , the minister expected that the Indonesian Embassy in Riyadh would organize an investment meeting and formulate regulations on the investment. Iowa IA , Besides that, the minister also proposed that the holding of a research on the development of `Basmati` type of rice because this rice type had better productivity and taste if planted in Indonesia rather than in other countries.
The minister said that in his meeting with leaders of the Council of Saudi Chambers of Commerce and Industry, Osta viagra, they agreed the need to increase Saudi investment in the agricultural sector, Ordering viagra online legally, particularly food, cattle breeding, fowl industry, Virginia VA Va. , cattle feed and fisheries. It is noteworthy that Agriculture Minister Fahd Balghunaim announced recently that the Kingdom wants to secure supplies for sugar, rice, wheat, malt and fodder with farmland investments overseas, cheap viagra overnight delivery. Kjøp Discount viagra, Gulf countries, heavily reliant on food imports, have been buying farmland in developing nations to ensure food security after a spike in food prices. Saudi Arabia had abandoned its wheat cultivation program two years ago due to dwindling water resources and emerged as a major buyer of wheat from global markets. It is also trying, with the help of private Saudi investors, to secure farmland in Africa and elsewhere.
(c) 2010 Saudi Economic Survey.
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Source: SES