Kadin invites foreign entrepreneurs to do business in Aceh

Kadin invites foreign entrepreneurs to do business in Aceh

Head of Aceh's Chamber of Commerce and Industry Muzakir Manaf at the Aceh International Business Summit and Expo 2019 on Saturday (27/4/2019). (ANTARA Aceh/M Haris SA)

"There are several investment opportunities in Aceh to develop. Moreover, Aceh holds a strategic position for global trade. Hence, Aceh remains resolute to becoming the hub of world trade."
Banda Aceh (ANTARA) - The Aceh Chamber of Commerce and Industry (Kadin) has extended an invitation to foreign businesspersons to make investments in the province to tap into numerous business opportunities in the western tip of Sumatra Island.

"Several opportunities to invest can be developed in Aceh Province. Hence, we extend an invite to entrepreneurs to come forth and make an investment in this area," Aceh Kadin Chairman Muzakir Manaf noted in Banda Aceh on Saturday.

The invitation was voiced by Kadin Chair Muzakir Manaf at the Aceh International Business Summit and Expo 2019. Polish Ambassador Beata Stoczynska and Head of Economic Counselor of the US Embassy Andre Shaw along with several domestic and foreign businesspersons attended the international forum.

Aceh's ex-deputy governor remarked that the agricultural and plantation, tourism, and industrial sectors offered promising investment opportunities.

"The mining sector, with the tin industry, offers vast potential that had yet to be tapped. Foreign entrepreneurs expressing keenness can promptly conduct further exploration and coordination with their concerned embassies in Jakarta," Manaf noted.

Manaf believes the investment offer is the Aceh Kadin's contribution to boosting the regional economy. Investment growth in Aceh unleashes areas of employment for the Bumi Serambi Mekkah residents.

"Along with investment, we also promote the growth of small and medium enterprises. Nevertheless, the Aceh local government and the banking sector should lend support to this endeavor," Manaf emphasized.

In the meantime, Acting (Plt) Aceh Regional Secretary Helvizar Ibrahim noted that the Aceh government had readied the necessary infrastructure to support investment.

"We will also offer incentives to investors investing in Aceh. This policy is being applied to draw the interest of the business world to invest in Aceh," Ibrahim explained

Moreover, the Aceh government has offered infrastructure in the form of industrial estates in Ladong, Aceh Besar, a trading area and free port on Weh Island, Sabang, as well as special economic zones, or SEZs, in Lhokseumawe.

"There are several investment opportunities in Aceh to develop. Moreover, Aceh holds a strategic position for global trade. Hence, Aceh remains resolute to becoming the hub of world trade," Ibrahim remarked.

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