Thu, 11 Sep 2008
Kendari, SE Sulawesi (ANTARA News) - Southeast Sulawesi Province has opened opportunities for investment of up to 24 trillion rupiah in the agricultural, industrial and mining sectors, a regional official said.

"Southeast Sulawesi`s regional government and community have to open up themselves to serious investors because their investment will create more job opportunities and revenue for the region," Laode Masibu Kamaluddin, chief trade and investment adviser to the Southeast Sulawesi governor said here Wednesday.

Business groups from Middle Eastern countries engaged in food production through the Bin Laden Group plan to invest Rp 14 trillion in Southeast Sulawesi, he said.

The Bin Laden Group had signed a memorandum of understanding (MoU) to make investments estimated to require about 160,000 hectares of land.

Of the total area of the needed land, about 10,000 hectares would be used for experiments to cultivate "arabic rice" starting after the Idul Fitri holidays.

"We hope the local government can find the area needed soon so the investors will be convinced that we are serious in welcoming them," Kamaluddin added.

A company planning to invest up to Rp7.2 trillion in stainless steel making had already begun its activities in Southeast Sulawesi by laying the first corner-stone of the needed infrastructure.

An Indonesian company would invest Rp2.5 trillion in development of Buton`s natural asphalt reserves, Kamaluddin said.

"There is no problem with the Buton asphalt investment project because the investor is Indonesian. But we still have to hold further talks with the Buton district administration to prevent a possible information gap from arising in the future," he said.
(*)



News Search/Filter
Transaction Rates
23 Aug 17
Buy
Sell
BTC1
52,737,795
52,737,795
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services