XINHUA/Indonesia expects 100 bln USD investment by 2014
JAKARTA, (Xinhua) - Indonesian Coordinating Minister for Economy Hatta Rajasa said on Wednesday that he expects about 100 billion U.S. dollar foreign direct investment (FDI) by 2014 despite the uncertainty of the global economic condition.
The minister said that the huge investment would be directed to the government's long-term development master plant (from 2011 to 2014), such as in a massive infrastructure projects.
He said that the government had got some investment commitment from a number of foreign companies.
Foreign direct investment in Indonesia increased by 21 percent to around 5 billion U.S. dollars in the second quarter after reaching 4.6 billion U.S. dollars in the first quarter, chairman of Coordinating Investment Board Gita Wirjawan has said.
The Indonesian government has targeted over 240 trillion rupiah (some 27.84 billion U.S. dollar) investment this year.