Foreign businessmen to invest Rp 1.2t

Foreign businessmen to invest Rp 1.2t

SAMPIT, Central Kalimantan: Eight Malaysian and Singaporean investors have showed an interest in investing Rp 1.2 trillion (US$144 million) in the plantation and fishery sectors in Seruyan district, Central Kalimantan.

They decided to invest in Seruyan after assessing the economic potential and security conditions in the district, which is relatively safe compared to other areas in the province, said newly elected Seruyan regent Darwan Ali on Thursday.

He said the investors would invest in palm oil plantations and shrimp farms.

One of the investors is prepared to build a crude palm oil canning plant and to hold a 30 percent stake in all large-scale plantation companies in the district, he said. -- Antara