Five biggest foreign investors in Indonesia so far are Singapore, Britain, the US, Japan and the Netherlands.Jakarta (ANTARA News) - Indonesia`s capital investment authority is hoping that South Korean companies will increase their investment to the level of the fifth biggest amount in the country.
"It is not impossible that in the next five years they will become the fifth biggest investor in Indonesia," head of the Investment Coordinating Board (BKPM) Gita Wirjawan said here on Thursday on the sidelines of a ceremony to mark the start of the construction of PT Hankook Tire plant in Bekasi.
Gita said he held this view because more and more South Korean companies were coming to Indonesia to invest.
Citing some examples, he referred to Hankook Tire, Pohang Steel and Iron Company (Posco).
Gita believed the huge investment from the two companies would increase the number of South Korean investments significantly.
He said hundreds of South Korean companies have already expressed their interest to invest in the country.
"The large-scale investment from Hankook and Posco would change South Korea`s position substantially," he said.
Gita said five biggest foreign investors in Indonesia so far are Singapore, Britain, the US, Japan and the Netherlands.
The plant, built by Hankook Tire which is one of the world`s biggest tire manufacturers, is worth US$1.1 billion and has four main production facilities and sits on 60 hectares of land.
The plant will also become the export base for North American and Middle Eastern markets and a regional connector for developing countries in Asia.
For the first phase Hankook Tire will invest US$353 million with an initial production capacity of up to six million tires a year.
Hankook Tire in Indonesia plans to hire around 1,400 workers until 2014 and around 3,800 until 2018. (M040)
(T.SYS/B/H-YH/B/H-YH)
(ANTARA)
Editor: Ella Syafputri
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