The 2nd IID which featured Indonesian Vice Foreign Minister A.M. Fachir as a key speaker, also had a comprehensive panel discussion and a parallel session offering investment project packages in the industry 4.0, tourism (10 New Bali) and infrastructures (housing, toll roads, water management and a mass rapid transit (MRT) system, according to a report released on Saturday.
Eight provincial governments took part in the 2nd IID. They are West Java, Central Java, East Java, Jakarta, North Sumatra, Riau Islands, East Kalimantan and North Sulawesi.
Related news: Singapore agrees to invest US$500 million in Belitung
Several state-owned companies and regional government-owned companies also took part in the event. They are Pelindo I, PT. Jasa Marga, PT. MRT Jakarta, and PD Pasar Jaya, which highlighted strategic projects including the development of infrastructures, tourist destinations and digital industry.
In total, the number of investment projects/packages is 45 with a potential value of more than US$3 billion.
The IID also provided a parallel session for a one-on-one session with a regional government, the Directorate General of Taxation, the Directorate General of Customs and Excise, and immigration services offering consultation to questions from potential investors.
Nearly 274 Singapore companies have held individual meetings to explore investment opportunities and challenges in Indonesia.
Indonesian Ambassador to Singapore Ngurah Swajaya opened the 2nd IID with SBF Chairman Teo Siong Seng while Fachir delivered the address thereafter.
Investment is one of the five main commitments of President Joko Widodo in his second term of office and the IID is a proper activity to obtain comprehensive information about opportunities in Indonesia, Fachir said.
He appealed to investors to give feedback related to matters hampering investment in Indonesia.
"We appeal to all investors to explore potentials, make and close deals and turn contact to contract," he said.
Singapore is the largest investor in Indonesia over the past five years, Singapore investment in Indonesia was valued at US$43.2 billion between 2013 and 2018. (INE)
EDITED BY INE
Related news: Singapore`s investment in Indonesia up 38 percent
Related news: Investment board focused on targeting investment from Malaysia and Singapore