Mon, 14 Jan 2008
Batam (ANTARA News) - Foreign investment inflows to Indonesia`s industrialized island of Batam last year jumped 56 percent to US$288.52 million from US$184.99 million a year earlier, a report said.

In 2007, the government licenced 79 new foreign investment projects worth US$288.52 million and 4 foreign expansion projects worth US$10.33 million, bringing the total foreign investment on the island to US$298.86 million, the Batam Authority said in a statement on Friday.

The foreign investment came among others from Singapore, Australia, Britain, Malaysia, Ireland, the Netherlands, British Virgin Island, Caymand Island, Switzerland, China, South Korea, Germany, Japan, India, the United States, Taiwan, Canada and the United Arab Emirates.

The foreign investment projects are engaged in metal industry, shipbuilding industry, contact lens industry, power supply, pipe industry, trade and service sectors.

In 2007, the government also licenced 4 domestic investment projects worth Rp1.92 trillion and one domestic expansion project worth Rp600 billion, it said.(*)



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