JAKARTA (TheInsiderStories) – Indonesia offered six toll road and bridge projects across the archipelago with total investments Rp80.8 trillion (US$5.37 billion), said the government official last week. The country aimed to bring over than $billion of investment in 2020.
According to chairman of Investment Coordinating Board, Bahlil Lahadalia in an official statement, the six government and business entity cooperation projects are Semanan – Balaraja Toll Road, Cipulir – Ulujami Flyover Toll Road, Sentul Selatan – Karawang Barat Toll Road, Patimban Access Toll Road, Semarang Harbor Toll Road, and Batam – Bintan Bridge.
He reminded, that incoming foreign investment must partnering with local entrepreneurs or medium, small, and micro enterprises that meet the requirements in order to create equitable growth and opportunities for regional businesses. He adds, the agency is also always present and proactive in dealing with licensing, including fiscal incentives.
in the first quarter (1Q) of 2020, Indonesia posted an investment realization of Rp210.7 trillion in 25,192 projects. The amount up 8.0 percent from last year and 1.2 percent in quarterly basis, worth of Rp208.6 trillion.
Lahadalia elaborated, the realization of Foreign Direct Investment (FDI) dropped 9.2 percent to Rp98.3 trillion from last year and quarterly down 7 percent from 4Q of 2019. In contrary, Domestic Direct Investment (DDI) worth of Rp112.7 trillion or up 19.3 percent in annual basis and quarter on quarter jumped 9.5 percent.
“We haven’t revised this year’ target’ Rp886 trillion but in my opinion its difficult to achieve the targets because of COVID-19. We have pessimistic targets at Rp815 trillion with composition FDI and DDI will be balanced,” he said in a video conference today (04/20 ).
Based on origin countries, the leader investor still from Singapore with total amount $2.7 billion. Followed by China $1.3 billion, Hong Kong $600 million, Japan $600 million, Malaysia $500 million, and others $1.1 billion
He elaborated, there most of the FDI projects located in North Maluku, South Kalimantan, Riau, West Java while the DDI in Jakarta, Central Java and West Java. The investment in the first quarter has absorbed 303,085 workers, he noted
Lahadalia sees In the 2Q, the trend of investment realization will decline, especially FDI. To pushes the foreign investment, his office will help endorse the investors to run the program, he concluded.
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