Investment realization slow

Investment realization slow

JAKARTA (JP): The realization of investments in the plantation
sector in East Kalimantan remains low according to the head of
the provincial office of the Ministry of Forestry and
Plantations.

Sulaiman Ismail said only 39 of the 166 companies which have
obtained licenses to invest in the sector have realized their
investment projects.

He said the 39 companies have opened oil palm plantations in
615,000 hectares of land, employing thousands of workers.

Sulaiman also said some Malaysian businessmen have expressed
their intention to invest in oil palm plantations on at least
250,000 hectares along the Simarang to Bontang road.

He said most foreign and local investors would begin their
investment projects when the new government restores political
stability.(06)