Batam (ANTARA News) - The Capital Investment Coordinating Board (BKPM) has approved in the first quarter this year 20 new foreign investment projects worth US$16.9 million in Batam, Riau Islands province.
The projects come from Singapore, Malaysia, Taiwan, Australia, Norway, South Korea and the Netherlands, head of marketing and public relations of BP Batam, Rustam H Hutapea, said here on Saturday.
Their businesses include ship building/repair, restaurant, recreation and trading.
Other businesses include electronic component, machinery/processing equipment/metal works, electricity control equipment, oil and gas mining supporting services, rubber goods, garments, housing, property development, business consultancy and management, loading and uploading services, metal processing and metal goods.
He said the number of approvals this year was higher than in the same period last year which was recorded at 18.
Meanwhile the value of investment projects approved this year rose 1.43 percent from US$16,649,493 in the same period last year.(*)