Jakarta (ANTARA News) - The amount of realized investments in Indonesia rose 10 to 15 percent in the third quarter of 2011 compared with the same period last year, National Investment Coordinating Board (BKPM) Chief Gita Wirjawan said.

The growth could be higher if funds withdrawn by foreign investors following the crisis in Europe and the US came back again into the country, he said here Tuesday.

Gita said he believed the funds would return again soon.

"After the dust (of the crisis) has settled, they will seek markets with good fundamentals. I am convinced Indonesia is one of the economies that is more attractive than the European and US economies," he said.

In the first six months this year realized investment in Indonesia reached Rp120 trillion or half of the target set for this year and higher compared to that of the same period last year.

He said in the third quarter of 2010 realized investment reached Rp56.7 trillion while in the first to third quarters of 2010 it reached Rp149.9 trillion.

With regard to the protracted crisis in Europe, Gita said he was optimistic Indonesia would not be affected because the country`s economic fundamentals were stronger compared to those of other countries.

"Indeed, in terms of portfolios, its affects can be seen in the index. Many have conducted unwinding for liquidity. They sell their stocks in all markets across the world, including in the Asia Pacific and Indonesia" he said.

(SYS/H-YH/S012)

Editor: Suryanto
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