Conjunction
Nama : Rizka Larashati Kelas : 1EA19 Big Swedish firms to enter RI auto, power and retail sectors Economic cooperation between Indonesia and Sweden has shown remarkable improvement in recent years as indicated not only in the increase in the number of visits between the countries’ senior officials but also in the surge in business-to-business relations. Swedish Ambassador to Indonesia Ewa Polano said on Friday in Jakarta that several Swedish companies engaged in a wide range of business had made firm commitments to do business in Indonesia. The ambassador said that investment from her country was growing and was estimated to reach at least US$400 million within the next few years. Power transmission and industrial automation technology group ABB, furniture chain IKEA, retail store H&M and electric car maker Clean Motion AB have expressed a keen interest in investing in Indonesia, she said. ABB will soon build two new power plants in Tangerang and Cibitung