Batam optimistic of more new investors

Batam optimistic of more new investors

BATAM, Riau: The Batam Authority expressed optimism that it could attract some 60 new investors to invest in the industrial island in the next four months.

Batam Authority chief Ismeth Abdullah disclosed that some 49 foreign investors had expressed their interest in investing in the electronics industry with an investment of millions of U.S. dollars.

He revealed that Batam currently had 560 foreign companies with a total investment of US$8.8 billion and absorbed around 168,000 workers.

As many as 75 investors from Singapore from various lines of business recently came to a business meeting jointly held by the Batam Authority, Indonesian Business Association (IBAS) and Singapore Polytechnic Graduate Guild (SPGG), to provide businessmen with information on the island's potential. --Antara.