This JIF is an extraordinary forum...Jakarta (ANTARA) - Bank Indonesia (BI) is promoting investment projects in Jakarta through its five overseas representative offices in Singapore, London, Tokyo, Beijing, and New York to boost foreign investment in the province.
“(The aim is) To promote strategic projects in the DKI Jakarta province, in particular, and Indonesia (in general)," head of BI’s Jakarta Provincial Representative Office, Onny Widjanarko, said at the opening of the 2022 Jakarta Investment Forum (JIF) here on Thursday.
At the event, the Jakarta provincial government presented 15 green investment projects, which will be developed by seven regional-owned enterprises (BUMDs).
Widjanarko said he believes that the projects will attract foreign investors since currently, such projects are not only increasing in number, but also becoming a trend.
In addition, the central bank is optimistic that the projects can attract investors since rating institution Fitch Ratings has assigned an "outlook stable" rating or “BBB” to Indonesia.
Related news: Choose green investment to support energy transition: BI
The added value from the acknowledgment is expected to give confidence to investors to invest in the country.
"This JIF is an extraordinary forum because, first, (it is being implemented) in the right moment (when) the economic conditions of Jakarta and Indonesia are better compared to other countries, (and) the second is that investment is starting to move," the official explained.
He said he is optimistic that the infrastructure projects in Jakarta will boost economic growth in the region, which is currently showing a positive trend, reaching 5.59 percent in the second quarter of 2022.
The 15 projects include the development of the Intermediate Treatment Facility (ITF) Sunter, Light Rail Transit (LRT) Jakarta Phase 2A, LRT Jakarta Phase 3A, Mass Rapid Transit (MRT) Phase 3, MRT Phase 4, South Jakarta Mix-Used Development, TransJakarta electric bus, battery charging station, Seribu Island Eco Resort and Theme Park, as well as medical tourism for the elderly.
They further include Landmark Jakarta, Tanah Abang Primary Center, rooftop solar power plant, hazardous and toxic (B3) waste installation, and Jakarta Industrial Estate Pulogadung (JIEP) Masterplan Inc.
Related news: Jakarta governor invites foreign investors to collaborate through JIF
Related news: Govt needs private investment to achieve energy transition target: BI
Translator: Dewa Wiguna, Uyu Liman
Editor: Suharto
Copyright © ANTARA 2022
