September 9, 2012

Indonesian Companies Should Break Into Growing Mongolian Market, SBY Says | The Jakarta Globe

Indonesian Companies Should Break Into Growing Mongolian Market, SBY Says | The Jakarta Globe: "Ulan Bator, Mongolia. Indonesian construction firms are eager to break into Mongolia’s growing economy, President Susilo Bambang Yudhoyono said during a visit to the state palace in Ulan Bator.

Mongolia’s robust economic growth, which reached 6.4 percent in 2010 and 17.3 percent in 2011, coupled with its lack of development makes it a prime market for Indonesia’s infrastructure companies, Yudhoyono said after meeting with Mongolian President Tsakhia Elbergdorj on Thursday.

“During the bilateral meeting, I told the president that Indonesia has the capability to develop [Mongolia’s} infrastructure,” Yudhoyono said in a joint press conference after the meeting on Thursday. “We’ve worked on infrastructure [projects] in Africa, Asia and the Middle East and we’re ready for infras"

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