Expo a draw for multinational enterprises
Expo a draw for multinational enterprises
JAKARTA (JP): Over 1,000 multinational companies are taking
part in a four-day exhibition at the Jakarta International
Exhibition Center in Kemayoran, Central Jakarta.
The participants, who mostly came from Australia, Canada,
Germany, Netherlands, Poland, United States and the United
Kingdom, will display their latest technology in the mining,
electricity and oil and gas exposition, which will end on
Saturday, the organizer said.
Trade commissions of several countries, such as Germany,
Italy, the United States and the United Kingdom, also joined the
exposition, which was officially opened by Minister of Mines and
Energy Susilo Bambang Yudhoyono on Wednesday.
"I hope all the participants will take full advantage of the
new opportunities in this forum to extend their business in the
global network, especially in Indonesia," the minister said in
his speech at the opening of the exhibition.
Representatives of the trade commissions said they took part
in the exposition to benefit from the recovery process of the
country's economy.
"I think the new government in Indonesia needs to review the
infrastructure in the oil and gas sector to make it attractive
for overseas companies to invest in, especially in the
infrastructure provision," said Neil McMillan, the deputy
director of British Trade International.
Speaking about the prospects in the oil and gas business in
Indonesia, McMillan said Indonesia, as the biggest contributor of
liquid natural gas (LNG) in the world, could develop its gas
projects by exporting it to potential emerging markets in the
region.
"There is a growing demand for LNG in India and China which
Indonesia could supply amid the current competitive market," he
said, highlighting on long-term contracts to gain value and to
minimize the cost by improving the technology in the business.
At least 22 companies are participating in the exhibition,
such as Dawson Downie Lamont, Druck Limited and United Pipelines
Asia Pacific. Australia also features a strong presence in the
exposition, with 826 companies involved.(07)