Wed, 07 Oct 2009
From:
Indonesian foreign investment coordinating agency of BKPM (Badan Koordinasi Penanaman Modal) has set up a particular service desk aimed at facilitating investors from giant economies like China to do business and pump more investments in Indonesia, BKPM minister Muhammad Lutfi said on Tuesday.

Lutfi said at a seminar on Indonesia's strategy to survive the ongoing economic crisis that Chinese investors have showed tremendous interests in investing in Indonesia, which has demonstrated excellent stability in security and politic sectors.

Besides, he said they regarded Indonesia as an emerging country with growing economic growth, less affected by the ongoing global crisis.

Lutfi added that many Chinese investors are involved in the construction of the government's mega power plant projects with a capacity of 10,000 Megawatt.

"Of 40 percent of power plant projects' MoUs which have been already settled with the investors, Chinese firms dominated 60 percent of it," Lutfi said.

Lutfi added that one of the other Chinese investors who is interested in investing in Indonesia is PetroChina, which is willing to invest 2 billion dollars in Indonesia. Talks with Indonesian oil regulator are underway regarding the investments, he said.

According to the latest International Monetary Fund (IMF) estimation, Chinese economic growth would reach 9 percent in 2010, prompting Chinese investors to seek markets in foreign countries, Lutfi said.



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