SDIC eyes Indonesian prospects

Firm to cement its future in Southeast Asian nation with big investment over next 5 years

State Development & Investment Corp, the country's largest State-owned investment holding company by fund volume, will expand its investment categories from cement factories to nickel ore mines, power plants and ports in Indonesia over the next five years, said its senior executive on Monday.

With a total investment of 2.2 billion yuan ($329 million), SDIC invested and launched the production of the first phase of a cement plant in Indonesia's West Papua province last week.