Indonesia holds investment seminar at Expo Centre Sharjah

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The seminar was held on the sidelines of the 3rd Indonesia Solo Exhibition, which began at Expo Centre Sharjah on September 19, 2005.

The seminar was addressed by Mr. Hidayatullah Suralaga, Deputy Chairman of the Investment Coordinating Board, and Mr. Syahrul Sauta, CEO of the Management Board of Sabang Free Trade and Free Port Zone.

As per information provided during the seminar, cumulatively from 1967 up to April 30, 2005, Indonesia's foreign investment approvals reached 14,605 projects with a total investment value of USD $ 287,116.3 million, excluding Oil and Gas, Banking, Non-Banking Financial Institutions, Insurance and Leasing, Mining in terms of contracts of work, Coal mining in terms of agreement of work, investment for which licenses are issued by the technical/sectoral agencies, portfolio as well as household investment.

The 10 leading foreign investors in Indonesia from 1967 to April 2005 were Japan, United Kingdom, Singapore, Hong Kong, Taiwan, USA, South Korea, Malaysia, Germany and Australia.

In terms of foreign investment approvals by sector in the last 7 years (1997 to April 30, 2005), the primary sector (Food crops, Plantation, Livestock, Forestry, Fishery, Mining) had approvals for 511 projects with a total investment value of USD $ 5,153.7 million (3.8%), the secondary sector (Industries of food, textile, leather, leather goods and shoes, wood, paper, paper goods and printing, basic chemicals, chemical goods and pharmaceuticals, rubber goods and plastic goods, non-metallic minerals, basic metals, metal goods, medical equipment, optic, measure tools, transportation tools, and other industries) had approvals for 3,309 projects with a total investment value of USD 73,673 million (54.9%) and the tertiary sector (electricity, gas and water, construction, trade and reparation, hotel and restaurant, transportation, communication and warehouse, real estate, industrial estate and office, and other services) had approvals for 6,232 projects with a total investment value of USD $ 55,513.4 million (41.3%).

Among the issues that were discussed at the seminar were the economy structure of Indonesia, investment environment, business facilities, manpower, infrastructure facilities, investment service agencies in the country and also Indonesia's geography and climate, population and the political and governmental structure.