Kuwait's International Leasing & Investment Co said it has completed talks about buying a government bank in the Indonesian province of Aceh and developing $5 billion of infrastructure projects. Aceh, a province at the top of the island of Sumatra, bore the brunt of a 2004 earthquake-caused tidal wave that killed more than 100,000 people, destroying homes, agriculture and infrastructure. International Leasing, a nine-year-old firm that invests in line with Islamic law, will in the next two weeks sign an initial agreement buying 80 percent of the Aceh state bank, it said in a statement on Thursday on the Kuwait bourse website. It did not identify the bank. The bank complies with Islamic law, Kuwait's al-Qabas newspaper reported on Sunday, without saying how it got the information. Gulf Arab states and companies, buoyed by record oil prices, are looking to invest more in Asia, where economies are growing faster than in Europe and the United States, traditional destinations for their surplus funds. International Leasing owns 33 percent stake of Ijara Indonesia Finance Co, a financial services firm it helped set up last year, according to its website.The company is part of a Kuwaiti group that includes logistics provider Agility investing about $10 billion in infrastructure projects in the Philippines. Shares of International Leasing were down 1.75 percent at 0828 GMT. __