BKPM: Use AAC to Increase Investment
AACC2015, Jakarta – The Head of Capital Investment Coordinating Agency (BKPM) Franky Sibarani encourages maximal use of the Commemoration of the 60th Anniversary of the Asian African Conference to increase investment amongst Asian African countries.
Based on the Financial Times data, the total direct investment amongst Asian African countries during years 2010–2014 only achieved 35 per cent of the total global investment. Nevertheless these countries possess the potential to explore the existing opportunities and create mutually beneficial cooperation. “Therefore, please use this event as a good momentum to strengthen economic cooperation in the investment sector amongst Asian and African countries,” said Franky at the 2015 Asian African Business Summit (AABS) forum in Jakarta, on Tuesday (21/4.)
Based on BKPM’s data, Asian African investment in years 2010-2014 reached USD 58.58 billion, comprising investment from Asian countries worth USD 55.56 billion and investment from African countries worth USD 3.01 billion.
The main sectors of African countries’ investment are food, plantation, tourism, and construction industries, whereas the main sectors of Asian countries’ investment are the industries of transportation, telecommunication, food, agriculture and plantation, base metals, metal goods, machinery, and electronic devices. The island of Java is still their top investment location.
Franky added that the Government of Indonesia continuously encourages investment in those sectors with the aim of reaching 55.5 per cent contribution in 2019, compared to just 43 per cent in 2014. “Starting in 2017, BKPM will aim to realise a higher total investment value in areas outside Java than that of Java,” he said. (Photo: Amiriyandi, Translator: Mia)
Source: The Jakarta Globe