By IINA
Jeddah : Dr. Ahmed Mohammed Ali, President of the Islamic Development Bank (IDB) received here yesterday Indonesian President’s Special Envoy for the Middle East Alawi Shahab. The IDB President was briefed on the results of the conference on “Investment opportunities in Indonesia,” organized by the Indonesian government last month in Dubai.
On the sidelines of the conference, five Memoranda of Understanding (MoU) between the Indonesian government and Gulf investors were signed. The MoUs were for the implementation of substantial projects development in Indonesia in the sectors of infrastructure, ports, railroads and palm oil refinery at a total cost of nearly $3 billion. During the meeting, they discussed the possibility of the IDB’s contribution to these projects in general and discussed ways of enhancing the existing bilateral cooperation between Indonesia and IDB.