CTI Group to invest in Indonesian cement plant owned by Bosowa Corporation

CTI Group, the Gulf region’s largest independent trader of cement and clinker, has agreed to invest in a cement production plant in Indonesia owned by Bosowa Corporation.

The arrangement gives Jordan-based CTI its first investment in one of Southeast Asia’s fastest-growing markets for infrastructure and construction projects.

Arqaam Capital, a leading Middle Eastern investment bank headquartered in the Dubai International Financial Centre, conceived and arranged the transaction on behalf of CTI.

Executives of CTI and Bosowa, one of Indonesia’s biggest cement producers, formalised the contract today in the Indonesian capital Jakarta.

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