Business Data
Industry brief - government expects usd9 .3bn foreign investment in maritime sector
The Indones ian g overnment expects to receive USD9 .3bn in inves tments into the country's maritime s ector from four countries - Japan, Australia, South Korea and China - according to the Inves tment Coordinating Board (BKPM). 'Three inves tors from Aus tralia, South Korea and China will inves t in the development of dockyards and two inves tors from Japan and China will inves t in fis heries ,' BKPM Chief Franky Sibarani s pecified (Jakarta Pos t). Principal permits have been is s ued to inves tors willing to inject money in the Indines ian maritime s ector. The funds will be us ed to achieve the g overnment's targ et to develop 24 ports including exis ting and the new ones . In addition, the g overnment may need funding of IDR10 9 trn (USD8 .4 bn) for the development of maritime hig hways , according to State-Owned Enterpris es Minis ter Rini Soemarno.