Qatari investors are interested in owning an 85 percent stake in a planned $1 billion power plant in Indonesia, a report quoted an Indonesian official as saying.

The joint venture plant to be built in Bali is one of many projects planned between Qatar and Indonesia, including investments in natural resources and infrastructure, Alwi Shihab, the President of Indonesia's special Middle East envoy told The Peninsula newspaper.

Qatar is also interested in buying military aircraft manufactured by state aerospace firm, Indonesian Aerospace, Shihab was quoted as saying. Indonesia had presented investment proposals to the Qatar Investment Authority, the country's sovereign wealth fund, he said.

The Qatar Investment Authority plans to focus more on energy and commodities, food and water in a strategic overhaul because prices for these products will pick up, the authority's chief executive, Hussein Al-Abdullah said in March. - Reuters