Luhut offers Singapore to invest in Indonesia's new capital city

Luhut offers Singapore to invest in Indonesia's new capital city

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan (AJNTARA HO Kemenko Kemaritiman dan Investasi)

In the new capital city, you can invest in the infrastructure sector. We intend to develop the capital city into a green city. (Investment in) hospitals is also quite promising. We plan to build complete (health) facilities employing the best docto
Jakarta (ANTARA) - Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has offered Singapore investors to invest in a number of sectors in Indonesia's new capital city in East Kalimantan Province.

Among the investment opportunities open to investors in the new capital city are alternative energy, startup and hospital, he said while addressing the Pulse of Asia Conference 2020 organized by Bank DBS in Singapore on Thursday.

"In the new capital city, you can invest in the infrastructure sector. We intend to develop the capital city into a green city. (Investment in) hospitals is also quite promising. We plan to build complete (health) facilities employing the best doctors. Some of them may be foreign nationals so (the presence of the hospital) will reduce the number of Indonesians traveling abroad for medical treatment," he said in a written statement.

.He said investment opportunities in the education sector are also widely open. The government intends to narrow the gap between education in western Indonesia and eastern Indonesia in terms of quality.

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"Right now several startups are engaged in the education sector.... In addition, UAE (United Arab Emirates) will also invest in this sector. In Morowali, we have a technology university which is one of the best universities as a result of cooperation with a Chinese technology university," he said.

He said the Indonesian government is in the process of drafting two omnibus laws concerning the creation of job opportunities and taxation. The bills will be submitted to the House of Representatives (DPR) early this year.

"The laws will replace the previous laws which have the potential to overlap and hinder investment," he said.

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