The projects, owned by 12 investors, will provide 1,119 jobs for Indonesians.Batam, Sumatra (ANTARA News) - A number of foreign companies invested US$11.8 million in the free trade zone of Batam last month, the Management Agency of Batam (BP Batam) said.
BP Batam`s chief spokesman Ilham Eka Hartawan said the projects, owned by 12 investors, will provide 1,119 jobs for Indonesians.
"The largest investment is in the shipbuilding and repair industry which will need many workers," Ilham said here on Wednesday.
Most of investors come from Singapore and Malaysia and some of them established joint venture companies with Indonesian investors, he said.
There are also joint venture companies between Indonesian, Indian and Australian investors, he added.
Many investors still are interested in doing business in Batam, which is a few miles south of Singapore.
According to BP Batam, in the first half of 2012, new foreign investment projects implemented in Batam were worth US$112 million or an increase of 61 percent from the same period last year.
Most of the investment project are located in the port and trading areas, Dwi Djoko Wiwoho, a director of BP Batam said.
Expansion projects are recorded only in April and June all worth US$182.6 million.
"Trade, electronic manufacturing industry, shipyard are the most attractive for foreign investors in Batam," he said.(*)
Editor: Heru Purwanto
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