Over 500 Singapore businessmen attend Indonesia Investment Day

Over 500 Singapore businessmen attend Indonesia Investment Day

Vice Foreign Minister A.M Fachir (left) and Indonesian Ambassador to Singapore Ngurah Swajaya (right) attended the 2nd Indonesia Investment Day at Ritz Carlton Hotel-Singapore, July 26, 2019. (Dokumentasi KBRI Singapura)

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
Jakarta (ANTARA) - More than 500 Singapore businessmen attended the second Indonesia Investment Day (IID) held at Hotel Ritz Carlton Millenia in Singapore, Saturday, July 27, 2019. The event was organized by the Indonesian Embassy in Singapore in cooperation with stakeholders grouped in Indonesia Incorporated in Singapore and was supported by the Indonesian Chamber of Commerce and Industry (Kadin) for the Singapore Committee, Singapore Business Federation (SBF), and Singapore Manufacturing Federation (SMF),

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.

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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)

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