Tue, 22 Jul 2008
Four Japanese investors have expressed interest in investing in the Batam-Bintan-Karimun (BBK) free trade zone, a minister said, Asia Pulse reported.

"Four companies are interested in investing in Batam or Bintan, and there will be a business mission from Japan to visit the BBK region in September 2008," Trade Minister Mari Elka Pangestu said.

The government was informed about the Japanese companies' interest during BBK investment promotions in Japan last July 2008.

"The investment promotions were quite a success. Around 200 businessmen attended the event in Tokyo, and 120 in the event in Osaka.

Four Japanese companies already committed their interest in investing in Indonesia," Minister Pangestu said.

Riau Island Governor Ismeth Abdullah said the value of the four Japanese companies' investments might reach around $30 million.

"Next September, a 15-member business mission from Tokyo and 15 businessmen from Osaka will visit Batam," the governor said.

The Japanese businessmen planned to invest in the electronic, office stationery, and construction sectors, he said.

In addition to Japanese investors, businessmen from Dubai and Italy were also interested in investing in BBK, he said.

"An investor from Italy has requested a 150-hectare plot of land for a rig equipment plant," Abdullah said.

Indonesia has established a BBK free trade zone council and made preparations for the implementation of the free trade zone regulations, according to the trade minister.



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