Taiwan firms eye Medan

Taiwan firms eye Medan

JAKARTA (JP): At least 15 Taiwanese companies plan to invest
in the property sector in North Sumatra by the end of the year,
Antara reported yesterday.

President of Taiwan's Honban Investment and Development, Lin
Hui, told the news agency after his meeting with the province's
governor Raja Inal Siregar in Medan, that Taiwan's investors were
interested in opening businesses in the province.

He said Taiwanese investors believed the property business in
North Sumatra was promising, but he did not disclose details of
the planned investment.

Siregar said the province was still widely open to foreign
investors.

The province has already set up 314 hectares of industrial
estate, called Kawasan Industri Medan, near the city's strategic
Belawan port.

Lin also invited North Sumatra's authorities and
businesspeople to take part in the international industrial
promotion exhibition in Taipei, next November.

Taiwan investment in Indonesia reached US$22.857 million last
year, mostly in basic metal and metal manufacturing. (08)