"Indonesia has committed to expanding businesses overseas under the Belt and Road Initiatives. It will serve as an attractive opportunity for investors here (in Chongqing)," BKPM's Investment Planning Deputy Ikmal Lukman noted in a speech delivered at the Indonesia-China Business Forum on Trade, Tourism, and Investment on Monday (Dec 2).
The Embassy of Indonesia to China in Beijing and the Ministry of Trade organized a business forum, with attendees comprising at least 100 investors and company representatives.
Lukman expounded that the infrastructure projects were located in several provinces, including North Sumatra, North Sulawesi, North Kalimantan, and Bali.
Tourism development and technology projects offered by Indonesia's government to Chinese investors were valued at between US$8 billion and US$41.6 billion, he stated.
"The number of investment opportunities may be higher, as eight other infrastructure projects outside the BRI scheme had yet to be mentioned," he remarked.
Lukman pointed out that most Chinese investors currently contributed to the secondary sectors, including electronics, electricity, gas, water distribution, transportation, logistics, and telecommunication, that were centered in Java island.
However, Indonesia's government expects greater Chinese investment in several infrastructure projects launched in provinces outside Java, Lukman stated.
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