Turkey to Spend US$4.4 Bln for Indonesia's Infrastructure Projects

By Editorial Team 16/11/2022
aerial view toll road
Summary

The bilateral meeting of President Joko "Jokowi" Widodo and Turkish President Recep Tayyib Erdogan resulted in a major agreement. Erdogan's visits to Indonesia will be followed by two business deals worth US$3.2 billion each on toll road infrastructure and US$1.2 billion for electric bus production, summing up the total investment to US$4.4 billion.

The Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono and Turkish Foreign Minister Mevlut Cavusoglu witnessed the agreement signing in Bali. Mevlut said there had been several major advances in Turkey's relations with Indonesia in recent years. "We will soon witness a historic moment in our relationship as our president will form a High-Level Strategic Cooperation Council," Mevlut said, as quoted by Turkey's Anadolu Agency on Tuesday. Cavusoglu stressed that the agreement would further strengthen ties in various fields, including the defense industry, research, forestry, environment, and development.

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