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BNI Earmarks $200m for Firms Eyeing Middle East
October 27, 2009

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PT Bank Negara Indonesia, the country’s fourth-largest lender, has set aside $200 million to support potential expansion plans by domestic companies in Algeria and Tunisia, as well as other countries in the Middle East.

“We gathered together 35 companies from various sectors, from manufacturing to handicrafts, to meet with 17 Algerian and six Tunisian companies today,” Bien Subiantoro, a BNI director, said on Tuesday.

“If there are business agreements, we are prepared to support them by providing loans.”

Bien said the Middle East was relatively stable, and thus a prospective alternative market. He added that Algeria and Tunisia were potential markets for handicrafts. 


JG




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