"The value of China`s investment commitments to Indonesia is expected to reach US$30 billion in 2016. As of February 2016, we have issued principle licenses worth 10 percent of the targeted value," Sibarani noted.Hainan, China (ANTARA News) - The Indonesian and Chinese governments are targeting Chinas investment commitments in Indonesia to reach US$30 billion in 2016.
Head of the Indonesian Investment Coordinating Board (BKPM) Franky Sibarani stated while accompanying Vice President Jusuf Kalla on a visit to Sanyang city, Hainan Province, China, on Wednesday to meet several Chinese investors.
"The value of Chinas investment commitments to Indonesia is expected to reach US$30 billion in 2016. As of February 2016, we have issued principle licenses worth 10 percent of the targeted value," Sibarani noted.
To promote the realization of Chinas investment in Indonesia, the government will open a representative office of the BKPM in China.
The office will facilitate the Chinese investors by providing information on the process of investing in Indonesia.
"By June, there will be a BKPM representative office here. We expect that Indonesias promotional activities would be carried out more easily than earlier. The BKPM representative office in China will be the ninth to be set up abroad," he explained.
The total amount of foreign investment, excluding in the upstream oil and gas and financial sectors, from China to Indonesia during 2010 to 2015 reached US$2.1 billion.
Data obtained from the BKPM revealed that China ranked 11th in realizing its foreign investments in Indonesia.
In 2016, the governments of Indonesia and China have committed to securing principle investment worth US$30 billion.
The three foreign countries with the most realized investments in Indonesia are Singapore (US$31 billion), Japan (US$14.9 billion), and the United States (US$8.2 billion).(*)
Editor: Heru Purwanto
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