Jakarta (ANTARA) - Indonesia's Ministry of Investment and Investment Coordinating Board (BKPM) has invited investors from the United States to participate in 69 priority domestic development projects.

"There is a lot that can be done. We invite US investors to have a deeper discussion regarding the investment projects," Director of Development and Promotion at the ministry Rakhmat Yulianto said.

He made the remarks at an AmCham Indonesia 11th US-Indo Investment Summit 2023 event entitled 'Mapping the Legacy, Navigating the Future' at the Mandarin Oriental Hotel in Jakarta on Tuesday.

The majority of these projects focus on the development of industrial infrastructure and new renewable energy (EBT) sources spread across 20 districts and cities in 13 provinces, he informed.

According to him, two projects have been included in the list of priority projects since they are directly related to the community's needs, namely the construction of a hazardous materials and toxic substances management center and a solar power plant (PLTS) in Banten Province.

"Indonesia has also prepared 30 special economic zones, which will help investors to achieve green energy industry goals, including investment opportunities in the health sector," Yulianto said.

In addition, the Job Creation Law and its derivative regulatory products reflect the government's seriousness in increasing and expanding investment cooperation in the country, he added.

This is because the law also regulates the government's incentives for investors such as tax holiday incentives, fiscal incentives, import excise exemptions, and luxury goods tax exemptions, Yulianto said.

"Those incentives are the reason why US investors should invest in Indonesia, especially since Indonesia and the US have also established good cooperation," he added.

Related news: RI secures investment commitment worth US$11.5 billion from China
Related news: Rupiah weakens as Russia, Ukraine tensions keep investors wary

Translator: M Riezko Bima E P, Resinta S
Editor: Rahmad Nasution
Copyright © ANTARA 2023