On July 10, 2023, Rising Capital’s Indonesian subsidiary, Indonesia Education Development Group (PTIED), officially signed the “PERTIWI Jakarta Investment Intention Letter” in Jakarta, marking a significant step in the company’s efforts to promote regional economic development, ASEAN cooperation, and investment.
The “PERTIWI Jakarta Investment Intention Letter” focuses on the education, infrastructure, and technology sectors in the Jakarta region, aiming to provide strong support for local socioeconomic development through innovative investment models. Dr. Xue Ruiteng, Chairman of Rising Capital, stated, “This investment proposal is not only one of the core components of our 2023 strategy but also an important initiative for the company to deepen its business footprint in Southeast Asia and enhance cooperation with ASEAN countries. Through collaboration with local governments and enterprises, we look forward to making a positive contribution to the prosperous development of the Jakarta region and the overall economic vitality of the ASEAN region.”
Dr. Xue Ruiteng further emphasized, “The signing of this intention letter lays a solid foundation for our long-term development in Indonesia and the ASEAN region. We will combine local needs with international resources to promote the introduction of high-quality educational resources and the application of innovative technologies, further facilitating the economic modernization and sustainable development of Indonesia and ASEAN countries.”
This collaboration will not only aid in Indonesia’s development but also further enhance the close ties between China and ASEAN countries, deepening regional economic and educational cooperation and injecting new momentum into the construction of the ASEAN Economic Community.
