Indonesia offers investment opportunity in APEC`s CEO Forum

Indonesia offers investment opportunity in APEC`s CEO Forum

President Joko Widodo (Jokowi) during his presentation at the Asia Pacific Economic Cooperation (APEC) Summit`s CEO Forum, Monday (November 10, 2014). (ANTARA/Rini Utami)

Beijing (ANTARA News) - Indonesian President Joko Widodo (Jokowi) offered an investment opportunity in the infrastructure sector during the APEC Summits CEO Forum here on Monday.

"We have a limited budget, and therefore, we offer an investment opportunity to the participants of the APEC Summits CEO Forum to invest in the infrastructure sector in Indonesia," Jokowi announced during his presentation.

The Indonesian head of state remarked that of the Rp433.5 trillion set aside as subsidy in the draft of the 2015 state budget, Rp363.5 trillion will be allocated for energy subsidy and Rp70 trillion for non-energy subsidy.

Jokowi said the budget for subsidy will be allocated for irrigation in the agriculture sector, for fishermen through the provision of fishing boats and cold storages, and for the micro, small and medium enterprises sector, among other things.

"The subsidy is for all productive activities rather than for consumptive ones and the rest for the education and infrastructure sectors," President Jokowi noted.

He encouraged foreign investors to invest in Indonesia as the country plans to build at least 24 ports and deep sea ports in the next five years to support the flow of goods and services.

"One of them is the Tanjung Priok port, which in 2009 had the capacity of handling activities reaching US$3.6 billion, and in 2017, it is projected to reach US$15 billion," Jokowi affirmed.

He pointed out that the ports and deep sea ports will be built across several areas in Sumatra, Java, Kalimantan, Sulawesi, and Papua, in addition to the railway tracks in these islands.

President Jokowi also remarked that Indonesia is developing a mass rapid transport system and will continue to do so in the six major cities of Jakarta, Medan, Makassar, Semarang, Bandung, and Surabaya.

"Thus, the investors have a huge opportunity of investing in those sectors in Indonesia," the Indonesian president remarked.