The UAE-based Middle East Coal (MEC) has announced plans to invest USD5.2 billion in infrastructure in East Kalimantan province in Indonesia.
The key projects include a 140-km railway, a 1,400 MW coal-fired power plant, and an alumina smelter. MEC, a joint venture (JV) between UAE’s RAK Minerals and Metals Investments and Trimex, aims to complete the projects within 3-4 years. The development is part of Indonesia’s efforts to attract foreign investment, particularly from the Middle East, into its resource-rich region.