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Jakarta Post

Jeddah-based IDB sets up business forum in Indonesia

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Tue, September 18 2012   /  09:46 am

The Jeddah-based Islamic Development Bank (IDB) Group set up its office of business forum (thiqah) at the Investment Coordinating Board (BKPM) in Jakarta on Monday.

With its first office outside of Saudi Arabia, IDB is hoping to further mobilize its resources and promote Indonesia as a major investment destination for its members.

Khaled Al-Aboodi, CEO of the Islamic Corporation for Development of Private Sector (ICD), IDB’s arm which focuses on private sector cooperation, said that the move would be important to connect more investors from fellow Muslim countries with Indonesia, a vibrant economy that offers lots of investment potential.

“We intend to make it easier for our investors to come to Indonesia and introduce them to various prospective sectors. Presently, Indonesia is not very well-known by these investors and this has prevented them from doing busi...