REPUBLIKA.CO.ID, SAMARINDA -- Head of the East Kalimantan investment board (BPPMD) Diddy Rusdiansyah said he is optimistic the provincial investment target of Rp35 trillion this year would be achieved.
The target rose from Rp31.71 trillion last year.
"We are optimistic the target for domestic and foreign investment could be achieved as in fact investment in various other sectors had not been reported so far," Diddy said in Balikpapan on Sunday.
He said investment would continue to be dominated by the plantation sector especially oil palm plantations, but it was not unlikely investment was larger in the property sector in which investment has not been regularly reported so far.
"There are still investments not yet recorded both domestic and foreign investments such as in housing, hotels, shopping centers," he added.
He said generally after license was granted investors built their property projects and there was no report of the progress of the project implementation.
"Such has continued to take place from year to year and the investors continue to expand business," he said.
He said this year BPPMD would start taking record of investment data in the property sector even if the investors failed to report.
Property business is brisk especially in the two main cities -- Balikpapan and Samarinda in East Kalimantan, he said.
He said many small coal mining companies in East Kalimantan also did not report progress of their investment.
In the first quarter of this year investment approvals were worth Rp5.9 trillion for domestic investment (PMDN).
There were 15 domestic investment projects approved in the first quarter of this year located in various areas including the regencies of Paser, Kutai Timur, Berau, Penajam Paser Utara, Kutai Kartanegara, Kota Balikpapan and Bontang.
The projects would provide new jobs for 4,511 workers.
Meanwhile, foreign investment (PMA) projects approved in the same period were valued at US$2.2 billion in 17 projects located in the regencies of Kutai Barat, Kutai Timur, Berau, Penajam Paser Utara and Kutai Kartanegara and the cities of Balikpapan and Samarinda.
The PMA projects would provide new jobs for 3,048 workers.
"Expansion of investment would create more jobs and contribute to improvement of the people's welfare," Diddy said.
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