Foreign investment in Batam up to 105 million us dollars

Batam, Riau Islands (ANTARA News)- A foreign investment of 105 million US dollars had been made in 91 companies in 2011 according to Batam Enterprise Agency (BP Batam).

"The manufacturing sector is still the largest contributor attracting 34 million US dollars in 35 foreign companies. In 2010, this sector was also the largest contributor," Director of One Stop Integrated Services and Public Relations of BP Batam, Dwi Djoko Wiwoho, said here on Thursday.

The other sector was shipping with 17.8 million US dollars in 23 companies, property development 30 million US dollars in four companies, and trade and services 22 million US dollars in 29 companies.

The figure was an increase in 2010 by 72.5 million US dollars in 58 foreign investments.

In 2012, BP Batam has targeted 110 foreign investments and tried to achieve it with a budget from Finance Ministry.

"We will promote investment in countries in the Asian region to achieve the target in a year," he said.