North Sumatra`s Investment Potential being Explored by 22 Investors

19 May, 2015 | Source: ANTARA NEWS

Medan (ANTARA News) - As many as 22 foreign investors are exploring areas of investment in North Sumatra province which they believe has huge business potential.

Head of the Investment Coordinating Board (BKPM) Franky Sibarani stated here that the investors came from Japan, South Korea, the United Arab Emirates, Singapore, and China, among others.

Ten foreign investors had expressed interest in the energy sector, he remarked.

"North Sumatra is an attractive place to invest as it is one of the top ten investment destinations," he noted at a regional investment forum organized by the BKPM in cooperation with the North Sumatra provincial government.

North Sumatra is ranked eighth in terms of foreign investment destinations in the country and tenth in terms of domestic investment destinations, he emphasized.

To that end, the provincial, district, and municipal governments in North Sumatra must be proactive in luring investors and providing them with the required facilities, he remarked.

The regional government has played a greater role than the central government in luring investors, he pointed out.

North Sumatras improving infrastructure has been one of the key factors in attracting investment, he stated.

One of the infrastructure projects being constructed in North Sumatra is a 2x200 megawatt (MW)-capacity power plant in Pangkalan Susu.

Another power plant, with a capacity of 600 MW, will also be built in the province, he noted.

"These all will help to improve North Sumatras image as an attractive investment destination," he added.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu