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UAE to invest in Indonesia smelters

The UAE plans to invest $9.5bn in aluminium smelters in Indonesia's Kalimantan region, Reuters has reported. "Emirates Aluminium will invest $4bn in West Kalimantan to build an aluminium smelter and a power plant...Ras Al Khaimah Investment Authority will invest $5.5bn in East Kalimantan to build an aluminium smelter, a power plant and a railway line related to the projects," said Indonesia's ambassador to the UAE, M Wahid Supriyadi.