Wed, 18 Nov 2009
Jakarta (ANTARA News) - Investment in the country may reach Rp2,000 trillion so that the average economic growth target of 7 percent in the coming five years is achievable, the investment chief said.

"It is not easy to attract an investment of Rp2,000 trillion but it is neither impossible. We will work hard to attract foreign and domestic investors," Head of the Capital Investment Coordinating Board (BKPM) Gita Wirjawan said.

He said that Indonesia now had good assets to attract private investment which was targeted at 55 percent of the total investment need.

The BKPM chief said that one of the good assets was the well-preserved macro economic stability. Regardless of it however, the government still had to do various homeworks, apart from improvement of regulations and bureaucratic reforms that had been carried out so far.

"There are homeworks that have to be done in order to improve the investment climate," he said.

Apart from macro economic stability, the establishment of special economic zones would also help attract foreign investors to do business in Indonesia, he added.
"The special zones will attract investors," Gita Wirjawan said.

In the meantime, Hiramsyah Sambudi Thaib, president director of Bakrieland Development, said that the biggest foreign investment was usually made in the infrastructure sector.

Therefore, the government should be able to attract foreign investors to do business in the country not only in the capital market but also in other sectors.

"Infrastructure is needed. The government should soon issue policies that attract foreign direct investment (FDI), not only capital market investors, but also long-term ones," he said. (*)



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