REPUBLIKA.CO.ID, JAKARTA -- The Capital Investment Coordinating Board (BKPM) said the US investment plans concluded during the visit of President Joko Widodo (Jokowi) to Washington this week were recorded at US$2.4 billion (Rp32.7 trillion).
BKPM Head Franky Sibarani said in a press statement released in Jakarta on Tuesday said that one billion of the investment will be made in the food, beverage and tobacco sectors.
The other investment projects were US$600 million for electricity development, US$750 million for downstream agro industry and US$12 million for heavy equipment/machinery industry.
"The US$2.4 billion investment plan that has been identified by the BKPM is part of the business deals between Indonesia and the United States, worth US$20 billion," Sibarani said.
Based on BKPM's records, from 2010 to the third quarter of 2015, the United States' investment in Indonesia stood at US$ eight billion, with the mining sector attracting the biggest share of US$7.2 billion, followed by trade at US$258 million, food industry at US$167 million, transport industry at US$142 million, and chemical or pharmaceutical industry at US$56 million.
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