Brunei-Japan Islamic fund to invest up to $100 mln in fish processing plants in Indonesia
Photo: Fishermen sort tuna at the Port of Tegal, Central Java, Indonesia on January 24, 2017 in this photo taken by Antara Foto. Antara Foto/Oky Lukmansyah / via REUTERS
NUSA DUA, BALI – SBI Islamic Fund will provide an investment of up to $100 million for state-owned company Perum Perikanan Indonesia to build fish processing hubs in Aceh and Maumere, Amran Mohamad, the fund’s CEO said today.
SBI Islamic Fund II currently stands at $60 million, comprised of $25 million from the Brunei finance ministry, $25 million from SBI, and $10 million from the Islamic Development Bank, said Mohamad. He added that the fund is still in discussions with investors for the remaining $40 million.
“The ongoing investment is in the fish processing facilities in Maumere that processes tuna for export to Japan. Maumere will then set up another processing hub in Aceh, which will be much bigger. We are doing the agreements now for Aceh,” said Mohamad.
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