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September 30, 2020, 07.39 PM

JAKARTA, – Indonesia introduced its seven ready-to-offer projects in West Java to investors during the 8th Road to Indonesia Investment Day in Singapore on September 29.

Held by the Indonesian Embassy in Singapore in collaboration with Bank Indonesia and Indonesia Investment Promotion Centre (IIPC) Singapore, the event saw the presentation of West Java’s three leading projects comprising the Greater Cirebon Solid Waste Treatment Plant, Aerocity Kertajati, and Subang Industrial Park.

Also read: Recession-Hit Singapore Dominates Q2 FDI in Indonesia: BKPM

Chargé d'Affaires of the Indonesian Embassy in Singapore Didik Eko Pujianto said that West Java is Indonesia’s most populous province with around 50 million people living in the strategic geographical location. It is the close neighbor of Jakarta and blessed with various natural resources, especially in agriculture.

“West Java also has an excellent investment potential of manufacturing and processing industry,” Didik said in a press statement on September 30.

West Java Governor Ridwan Kamil said the province provides many advantages. It is home to 60 percent of the country's industrial sites, and boasts sustainable infrastructure and excellent workforce.

Also read Indonesia Lures 7 Foreign Locators to Batang Industrial Estate, 17 More in Talks With Government

Ridwan added that Singapore is one of the biggest investors in West Java, where 40 percent of total investment in the province comes from the city-state.

In an effort to attract foreign investors, Bank Indonesia (BI) Governor Perry Warjiyo said it is important to create macro and financial stability to support sustainable economic growth.

Meanwhile, the Investment Coordinating Board (BKPM) is also ready to facilitate investors to locate in Indonesia. “This includes ease of licensing, incentives, and investment guarantees,” said BKPM head Bahlil Lahadalila.

(Writer: Suhaiela Bahfein | Editor: Hilda B Alexander)


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