Investment board hopes to make Australia new major investment market target

Australia would become one of the investment marketing focuses to rank among five other major investing countries - Singapore, Japan, South Korea, China, and Taiwan.
Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) said it plans to promote campaign to sell Indonesian investment opportunities to more Australian investors.

BKPM head Franky Sibarani said Australia would become a major marketing target in a bid to reach its investment target of Rp3,500 trillion in the next five years.

"Australia would become one of the investment marketing focuses to rank among five other major investing countries - Singapore, Japan, South Korea, China, and Taiwan," Franky said in a statement here on Thursday.

Based on data at BKPM, in the perio0d of 2010 up to first half of 2015, Australian direct investment in Indonesia totaled US$1.9 billion in value making it the 12th largest investing countries in Indonesia.

Australians invest mainly in base chemical and pharmaceutical industry , making up 42 percent of that countrys investment in value and in mining accounting for 41 percetn and in various other sector.

Indonesian Ambassador for Australia and Vanuatu, Nadjib Riphat Kesoema, said Australian investors need to be encouraged to venture in Indonesia .

Australians are cautious people and most of them want only to venture in trade with Indonesia, Nadjib said, adding probably caused by cultural dissimilarity.

"Their risk adverse characteristics often make them lagging behind investors from Japan and China in taking advantage of business opportunities," he said.

BKPM also has put the United States, Britain , the United Arab Emirates and other Middle East countries as major market targets to sell the countrys investment opportunities.(*)

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