JakartaPost-Dec 16, 2019

Private equity fund Global Infrastructure Partners (GIP) is interested in investing in three projects in Indonesia, a high-ranking official has said.

The GIP’s total investments could reach around US$3 billion, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said as reported by Antara news agency on Thursday. “The President has given his go-ahead instruction because he and Kim are good friends,” Luhut said Friday, referring to former World Bank president Jim Yong-kim, who is now leading the GIP.

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