Wed, 02 Feb 2011

Palembang, S.Sumatra (ANTARA News) - Korean investors expressed interest in building hotels in Palembang city, South Sumatra, because the city is considered advanced and rapidly growing, a member of a Korean investor team, Fark, said to Palembang mayor H Eddy Santana Putra, here, Tuesday (1 Feb).

Besides interested in building hotels, the investors were also interested in establishing luxury apartments, he added.

The Korean investor team accompanied by Sub Division Head of Promotion and Cooperation Regional Investment Coordinating Board (BKPMD) of Palembang city, Elyani Wirza, said they came to ask for the mayor`s approval for investment in the city.

"We are interested in building luxury apartments with a total investment of around Rp300 billion to Rp500 billion," Fark noted.

He added, in addition to build apartments and hotels, they were also interested in establishing a taekwondo school in Palembang city to support the implementation of the SEA Games in November 2011 which will provide funds estimated at Rp50 million to Rp40 million.

The Palembang mayor, Eddy Santana Putra, said the city administration was basically very supportive of the Korean investors to build apartments and hotels, but it would be seen first what the concept was so it could look for a suitable location.

Elyani Wirza added, the board would provide a permit look for g a suitable site for apartments and hotels in the city.