Relentless Promotions to Lure Foreign Investors

Indonesia, the world's 4th most populous nation, is Southeast Asia's largest economy. No doubt, its large domestic market is highly attractive, especially to foreign investors.

President Joko Widodo when visiting Digital Media City in Seoul, South Korea. (Photo source: Cabinet Secretary website/Anggun)

Jakarta, GIVnews.com – The ongoing economic reforms introduced under the current leadership of President Joko 'Jokowi' Widodo is boosting the image of Indonesia as one of the world's most attractive investment destinations. Indonesia's current economic policies are viewed as being on a firmer footing.

Of late, the country is on the list of the top 10 most attractive countries for foreign investments. The other countries are China, the US, India, Brazil, Germany, Mexico, Thailand, the UK and Japan.

With such encouraging pictures, President Jokowi and his ministers are moving ahead with their relentless efforts to lure foreign investors to come to Indonesia.

During his three-day visit to South Korea, which ended on Wednesday (18/5), not only that the President addressed a business forum attended by 100 South Korean and Indonesians businessmen, he also visited several major firms in the 'creative economy' sector. He told reporters that Indonesia needs to form partnerships with Korean companies to develop its creative economy as soon as possible, thejakartapost.com reported.

South Korea is Indonesia's strategic trading partner while more than 2,200 South Korean firms now have investments in Indonesia.

Another example of the government's seriousness was the visit to Hong Kong conducted by the Investment Coordinating Board (BKM) Head Franky Sibarani.

On Tuesday (17/5), while in Hong Kong, Franky Sibarani held a working dinner at the Indonesian Consulate General in Hong Kong in cooperation with the consulate general and UOB Bank.

In the meeting which was attended by Hong Kong's top business executives, Franky Sibarani made presentation about Indonesia's infrastructure projects until 2019. They included the building of 15 new airports, 163 new seaports, 35,000 MW power generation, 2,024 railways and 621 miles of toll roads. He also explained about the government's ongoing economic reforms to cut red tape in obtaining business permits, according to a report by Detik.com.

In response, four Hong Kong investors told Franky Sibarani that they have interest in expanding their businesses to Indonesia. They include producers of machines for manufacturing, textile, property and infrastructure projects.

Others in the Hong Kong meeting showed their interest in the agricultural, maritime and tourism sectors.

Last September, in his talks with visiting Hong Kong Special Administrative Region Chief Executive CY Leung, President Jokowi requested the latter to boost their investments in Indonesia.

BKPM will take follow up measures to push Hong Kong investors to materialize their plans.

Source: Relentless Promotions to Lure Foreign Investors