Mitsubishi plans to invest up to US$20 bln

Jakarta (ANTARA News) - Japanese automotive company Mitsubishi Corporation plans to invest over 20 billion US dollars in Indonesia within the next ten years, an official said.

The plan was revealed by Mitsubishi Corp CEO Ken Kobayashi at a meeting with President Susilo Bambang Yudhoyono here Tuesday.

"Within 5-10 years from now, depending on how fast the projects can be implemented. However, they have been urged by the president to increase their investment, and they will consider it," Chairman of the National Investment Coordinating Board (BKPM) Gita Wiryawan said at a press conference held at the presidential office, here Wednesday.

The company would participate in the projects such as Donggi Senoro, Smelter construction at Weda Halmahera bay, North Maluku, and Metropolitan Priority Area (MPA), he said.

The Japanese corporation was also interested in participating in the development projects in Jakarta, he added.

"About the master plan, certainly they want to participate in the development of MPA, whether airport, seaport, MRT, roads and it would be environmentally friendly," he said.

Meanwhile, for the construction of Smelter in Weda Bay, Mitsubishi will do it with the cooperation of Eramet and Aneka Tambang (Antam), he said.

The largest investment would go to the Smelter construction project with a total value of 5 billion US dollars, followed by the Donggi Senoro project.

Ken Kobayashi told the press that in the meeting with the head of state, he and the president discussed about several projects and Mitsubishi offered its contribution to MPA and infrastructures.

Misubishi aimed at selling its automotive products amounting to 2 million units up to the next five years in Indonesia, he said.

Energy and Mineral Resources Minister Darwin Zahedy Saleh accompanied Ken Kobayashi in the meeting with the president.(*)