CMMA Luhut Binsar Panjaitan talk to the press on the IMF-WB Annual Meeting in Bali, Indonesia - Photo by Finance Ministry Office

JAKARTA (TheInsiderStories) – Indonesia will offer an investment opportunities of US$42.2 billion in the Annual Meeting of the International Monetary Fund (IMF) and the World Bank (WB) in Bali during Oct. 8 to 14, said one government official on Monday (17/09).

There are 79 total projects to be offered from 21 State-Owned Enterprises (SOEs) with a total value around $80 billion. Coordinating Minister for Maritime Affairs (CMMA) Luhut Binsar Panjaitan, said the investment opportunities would be published in a book and is planned to be released in early October by SOEs ministry.

He also asserted that potential investors have to comply with four criteria namely environmentally friendly principle, upstream to downstream projects, involve local communities, and transfer technology.

Special Staff for the SOEs ministry Sahala Lumban Gaol added that several state companies were involved in the projects that would be offered, including power producecr PT Perusahaan Listrik Negara, toll operator PT Jasa Marga Tbk (IDX: JSMR), construction provider PT Waskita Karya Tbk (IDX: WSKT), and others.

“We will not miss this momentum to make them invest in Indonesia,” he said.

The IMF-WB Annual Meeting will take place in Nusa Dua, Bali starting Oct. 8 to 14. Pandjaitan conveyed various potential benefits that could be obtained from the event which would be attended by more than 15 thousand participants from 189 countries. One of the most prominent is tourism potential.

Banyuwangi, several tourist sites in Bali, as well as Labuan Bajo in East Nusa Tenggara became tourist destinations that have the potential to be visited by participants of the Annual Meeting’ visitors.

While in Bali alone, a number of infrastructure improvements were also carried out, including the addition of runways at I Gusti Ngurah Rai Airport, deepening of the Benoa Bay pier, making underpasses at Tugu Ngurah Rai intersection, and the revitalization of the Garuda Wisnu Kencana statue which was delayed over a quarter of a century.

Meanwhile, several other areas, such as Lake Toba in North Sumatra, Borobudur Temple in Central Java, and Raja Ampat in West Papua, are also prepared to be an alternative tourism destination for participants of the Annual Meetings.

Email: linda.silaen@gmail.com

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