Huayou Group Realises US$8.8 Billion Investment in Indonesia, Eyes Additional US$20 Billion
JAKARTA. Minister of Investment and Downstream Industries/Head of BKPM Rosan Roeslani has revealed that Chinese company Huayou Group has realised investments totalling US$8.8 billion in Indonesia to date.
Beyond that, Huayou has indicated the potential for a significant additional investment worth up to US$20 billion in the near future.
"They have conveyed the potential for investment from the Huayou group, which according to their calculations could reach an additional US$20 billion going forward," said Rosan at a press conference in Jakarta on Tuesday (29/4).
According to Rosan, Huayou will present its additional investment plans in greater detail in May, specifically during the third week. The investment encompasses two main projects: continuing its cooperation with LG on an existing project and developing a new project that is entirely a Huayou initiative.
One of the key focuses of this new investment is the construction of an industrial park in the Pomala area of Southeast Sulawesi. This is in line with the industrial estate development model that has already proven successful in Morowali and Weda Bay.
"They now want to develop their own industrial park land, similar to those in Morowali and Weda Bay. We want to develop in other locations as well. This plan is for a location in Pomala," he said.
Furthermore, Rosan noted that these projects have the potential to attract investment from other countries, given the large scale and appeal of the industrial estates to be constructed. He also disclosed that it is not only Huayou — several other companies have also expressed interest in investing in similar sectors.
Beyond that, Huayou has indicated the potential for a significant additional investment worth up to US$20 billion in the near future.
"They have conveyed the potential for investment from the Huayou group, which according to their calculations could reach an additional US$20 billion going forward," said Rosan at a press conference in Jakarta on Tuesday (29/4).
According to Rosan, Huayou will present its additional investment plans in greater detail in May, specifically during the third week. The investment encompasses two main projects: continuing its cooperation with LG on an existing project and developing a new project that is entirely a Huayou initiative.
One of the key focuses of this new investment is the construction of an industrial park in the Pomala area of Southeast Sulawesi. This is in line with the industrial estate development model that has already proven successful in Morowali and Weda Bay.
"They now want to develop their own industrial park land, similar to those in Morowali and Weda Bay. We want to develop in other locations as well. This plan is for a location in Pomala," he said.
Furthermore, Rosan noted that these projects have the potential to attract investment from other countries, given the large scale and appeal of the industrial estates to be constructed. He also disclosed that it is not only Huayou — several other companies have also expressed interest in investing in similar sectors.