Indonesia's leader on Saturday invited foreign investors to help fund a huge development plan that Jakarta projects will require $500 billion dollars in investments by 2025.
Susilo Bambang Yudhoyono issued the call during a speech to global business executives in the Russian port of Vladivostok ahead of an annual Asia Pacific economic summit that he will host next year.
The necessary investments will go toward projects relating to infrastructure development, food, energy, and science and technology, Yudhoyono said.
“In the years and decades ahead, we are embarking on a massive development initiative,” said Yudhoyono, who was to meet with other leaders from the 21-member Asia Pacific Economic Cooperation (APEC) bloc for a two-day summit opening Saturday.
The plan, announced last year, is aimed at spurring development in key sectors up to the year 2025.