JAKARTA - Japanese investors are planning to invest Rp2 trillion (US$150.38 million) in the housing sector to support Indonesia’s one million house program. They plan to build accommodations for workers in industrial zones in West Java by using Japanese technology and meeting the country’s quality standards.
Chairman of the Investment Coordinating Board (BKPM) Franky Sibarani said in a statement, the funds will be channeled from the start of the second semester of 2016. In the first quarter of 2016, Japanese investment in Indonesia reached US$1.58 billion, spreading across 427 projects and offering employment to 28,377 workers. Japan comes second to Singapore in the list of largest investing nations in Indonesia, followed by Hong Kong, China, and the Netherlands. (*)