We hope the government regulation to set Morotai as a special economic zone...Ternate, North Maluku (ANTARA News) - Some investors who have planned to invest in Morotai, North Maluku Province, postponed their plan until the issuance of government regulation to set Morotai as special economic zone (PP KEK Morotai).
Morotai Regional Development Planning Board Chairman Syamsuddin said here on Tuesday that many domestic and foreign investors wanted to invest in the district but they were still waiting for the issuance of government regulation on Morotai as special economic zone.
Syamsuddin noted that PP KEK Morotai was very important for the investors because it would be a reference for them to do their business in Morotai.
President Susilo Bambang Yudhoyono when dedicating Sail Morotai in Morotai District`s town of Daruba in September 2012 mentioned that Morotai would be set as a special economic zone but the government regulation on it to date has yet to be issued.
According to Syamsuddin, PP KEK Morotai would support and guarantee the investors to invest in Morotai.
"We hope the government regulation to set Morotai as a special economic zone will be issued in October 2013 at the latest so that the investor can do their business as soon as possible," Syamsuddin said.
According to him, the development of Morotai into a special economic zone would be concentrated on marine and fisheries sector with the investment value of more than Rp30 trillion.
He said the local government has set up cooperation with a consortium from Taiwan which would invest in fish processing industry and dockyard construction.
(Uu.O001/F001)
Editor: Priyambodo RH
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