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 Government of Indonesia praised its Serbian counterpart for its help in extraditing Maria Pauline Lumowa, a fugitive 17 years since being named a suspect, over Bank Negara Indonesia′s (BNI′s) US$136-million fraud case.
Toba Caldera was inscribed on the List of UNESCO Global Geoparks (UGGp) at the 209th Session of the UNESCO Executive Board held in Paris, France, on Tuesday (July 2).
The Indonesian government, through a resolution issued by the Ministry of Health, has officially enforced health protocols for the tourism and creative economy sector.
The Indonesian Trade Ministry has adopted strategic measures to intensify the exports of processed food products to improve Indonesia′s trade balance in the second quarter of 2020 amid the COVID-19 pandemic, Trade Minister Agus Suparmanto stated.
The spread of the novel coronavirus disease (COVID-19) has brought the tourism sector to a screeching halt, resulting in the collapse of tourism-related industries comprising aviation, hotel, restaurant, and other travel and hospitality businesses worldwide.
Israel’s lust for more Arab land seems endless. They have occupied and colonized most of Palestinian land and unilaterally claimed Syria’s Golan Height, annexed Jerusalem, and now they plan to annex parts of Jordan Valley and West Bank. Prime Minister Benjamin Netanyahu told a meeting of Likud’s Knesset faction on May 26 that the annexation of West Bank will begin on July 1 this year.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu