Foreign investment in the mining sector last year was recorded at only US$2.2 billion out of a total foreign investment of US$17.3 billion. That means and shows there are also a lot of investments made in the non-mining sector and in infrastructure.Jakarta (ANTARA News) - Trade Minister/Investment Coordinating Agency (BKPM) Chief Gita Wirjawan said he believed this year`s investment would reach Rp250 trillion or surpass the target set at Rp240 trillion.
"God willing, realization of foreign and domestic investments in 2011 will reach Rp250 trillion or higher than the target set at Rp240 trillion," he said at a press conference after a cabinet meeting here on Friday.
He said investment domination was no longer in the mining sector dominated as investment in the infrastructure had also kept increasing.
"Foreign investment in the mining sector last year was recorded at only US$2.2 billion out of a total foreign investment of US$17.3 billion. That means and shows there are also a lot of investments made in the non-mining sector and in infrastructure," he said.
He said investment flows into the country would further be boosted following the improvement of the country`s debt rating and the recent passage of the bill on land acquisition.
He said several infrastructure projects would make investment flows to become stronger.
"Two days ago our President officially dedicated three coal-fired power plants in three locations namely two in Banten and one in Tanjung Jati that have a capacity of 1700 MW. This, I think, will eradicate fears of international communities to give more positive perception to the country," he said.
The minister said the achievement of the investment target in 2011 would further support the achieving of the investment target by 2014 set at Rp400 to Rp500 trillion.
(B003)
Editor: Ella Syafputri
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