Russia's United Shipbuilding Corporation (USC) is currently in negotiations with Indonesian companies over building a shipyard in Indonesia, the Russian Minister of Industry and Trade, Denis Manturov told the state-owned news agency, Sputnik.
"I think that everything will depend firstly on the potential and infrastructure utilisation of our Indonesian partners which already have shipyards here. We have been conducting such work since the end of last year, and are drawing on the premise that modernising existing shipyards will require less joint investments, and this also depends on which ships are demanded by our Indonesian colleagues," Manturov told reporters while on an official visit to Indonesia.
The investment by the two sides is expected to total US$300 million.
A range of vessel types are expected to be built by the shipyards, which includes oil tankers and gas carriers. Further projects will depend on specifications outlined by the Indonesian authorities.
