Kuwait Finance House urged to set up in Indonesia

He went on to say that the Indonesian market is full of opportunities in various fields, especially for the Islamic investment.

The prestigious Indonesian official added during his visit to KFH yesterday, where he met the Chairman and Managing Director Bader Al-Mukhaizeem, the Acting CEO Mohammed Al-Fouzan, and the Acting AGM for Investment Sector Abdul Nasser Al-Subeih, that the Indonesian economy possesses qualities that protect it from the negative impact of the current crisis, since it depends on exports and has high population, in addition to housing a market that can absorb numerous products, and has a bright image among global markets and corporations.

Furthermore, the Islamic financial transactions are continuously growing and its services are stretching to reach various economic dimensions in light of the great demand for Shariah compliant services and products.

On the other hand, Al-Mukhaizeem stated that KFH is eagerly observing the developments occurring in the Indonesian market and the South East Asian area, especially after the great success that KFH-Malaysia has witnessed. He remarked that such developments will make Indonesia a key player in this area.

Moreover, Al-Mukhaizeem noted that KFH's expansion policy has resulted in great success, whether regarding the short term or medium term goals. He went on to explain that such a policy can also result in long term successes, since the investments are strategic and based on professional and economic pillars.

Al-Mukhaizeem said that linking KFH's key investment centers in Turkey, Bahrain, and Malaysia to the Kuwaiti market on the one hand, and the GCC and Middle East markets on the other, has become effective, especially since there is great ascending interaction among different economies and markets, in addition to cementing KFH's investments and expansions in Saudi Arabia, Jordan, and the Arab west.

The meeting was attended by two Indonesian economy experts Alwi Sehab and Gita Wirjawon.