Sun, 23 May 2010

Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa expressed optimism here on Friday that investment would be able to reach Rp2,200 trillion this year.

"We are optimistic we can draw up to Rp2.200 trillion worth of domestic and foreign direct investment," he said at his office.

He predicted investment growth in the energy sector would be big in the next few years particularly in the geothermal sector.

"Later on Tuesday I will receive a minister and several big CEOs from the US to discuss renewable energy," he said.

He said a number of contracts had also been signed with various US companies for investment in energy projects.

"So the trend of foreign investment in our country is rising. Japan is also interested in developing industrial zones in Karawang and Bekasi," he said.

He said to achieve 7.0 percent economic growth in the future up to Rp2,000 trillion in investment would be needed every year.

"The source for investment from the national budget is only around 14 percent and so we will rely on private domestic or foreign direct investment," he said.

He said there was a rising tendency of investment in the mineral and oil/gas sectors as well as in manufacturing.

"We are optimistic we could achieve the Rp2,000 trillion investment, in addition to the investment made by state-owned companies," he said.

Regarding reports about investment movement from Thailand to Indonesia due to the political crisis in that country, Hatta said cancellations had indeed happened but he had never received information about investment movement from that country to Indonesia.

"But actually our position is now good. So we must not lose the momentum to attract investment into the country," he said. (*)