Friday, 4 Sya'ban 1439 / 20 April 2018

Friday, 4 Sya'ban 1439 / 20 April 2018

Indonesia expects Malaysian investment worth US$1.5 billion

Jumat 21 April 2017 00:31 WIB

Red: Reiny Dwinanda

Malaysian investment will be mainly in the infrastructure and financial sectors, Minister of Rural, Rural Development and Transmigration, Eko Putro Sandjojo, said.

Malaysian investment will be mainly in the infrastructure and financial sectors, Minister of Rural, Rural Development and Transmigration, Eko Putro Sandjojo, said.

Foto: Republika/Aditya Pradana Putra

REPUBLIKA.CO.ID, KUALA LUMPUR -- The Indonesian government expects investment from Malaysia to be worth Rp10 trillion to Rp20 trillion (about US$ 1.5 billion).

The investment will be mainly in the infrastructure and financial sectors, Minister of Rural, Rural Development and Transmigration, Eko Putro Sandjojo, said after meeting Malaysian construction company Eversandai Corporation Berhad officials here on Thursday.

Eko stated that he had been appointed by President Joko Widodo as Liaison Officer of Indonesian-Malaysian Investment.

"I have met the Malaysian Trade and Industry Minister and a number of Indonesian entrepreneurs facilitated by Malaysia External Trade Development Corporation (MATRADE) and CIMB Indonesia," he noted, adding that Eversendai Corporation Berhad was interested in building a power plant in Indonesia.

"We also introduce state-owned construction company PT. Wijaya Karya and PT. PP, which also build toll roads and power plants," he remarked.

According to the minister, the Malaysian company is interested in construction and establishing a joint subsidiary.

He revealed that the Malaysian company will be continuing its project in Riau province, which has been stopped some time ago, and is also interested in building a power plant in North Kalimantan province.

"The electricity produced from the power plant will be distributed to Malaysia and partly to Indonesia," he pointed out.

The minister affirmed that his duty was to bridge the Indonesian and Malaysian businesses, assisted by the MATRADE.

"PT. PP and Waskita Karya already have projects in Indonesia, and they invite companies in Malaysia to participate in the works," he stated.

During the occasion Minister Eko Putro also introduced a number of private companies such as PT. Sinar Mas Group and PT. HM Sampoerna.

Sumber : Antara
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