ID :
9443
Thu, 06/05/2008 - 19:14
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https://oananews.org//node/9443
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GOVT EAGER TO HELP INVESTORS IN RI SOLVE PROBLEMS : SPECIAL ENVOY
Jakarta, June 5 (ANTARA) - The Indonesian government and its related institutions are eager to discuss and solve all the problems investors face in doing business in the country, a spokesman said.
Alwi Shihab, the presidential special envoy to the Middle East, made the remark at the opening of the 3rd Arab Asia Financial Forum here Thursday after noting that Middle Eastern investment in Indonesia was relatively small compared to other countries' investment.
"We will discuss any problem investors face and find a solution to make it easier for them to do business here ," he said. "We would like to see more investment coming from the Middle East and not only for the oil and gas sector," he said.
Alse present at the function were State Enterprises Minister Sofyan Djalil, chairman of the Indonesia Sharia Bank Association A. Riawan Amin, president and CEO of Albarakaa Bank Group Adnan Ahmed Yousif and chairman of Al Salam Bank Husein Mohammed Almeeza.
Shihab further said over the past few years several Saudi, Kuwaiti and UAE companies had made sound investments in Indonesia with special emphasis on tourism , amounting to 5 billion US dollars.
"RI is open for investment in any sector, not only in the oil and gas sector but also in banking, trade, insurance, tourism, infrastructure and real estate," he said.
In relation with the food crisis, the former foreign affairs minister said businessmen could also invest their capital in agriculture and agroindustry.
He said the government had decided to regulate the economy and to adopt more liberal policies to attract foreign investment.
Under Indonesia's new investment law, both foreign and local firms enjoy the same incentives, as long as they meet the requirements such as investing in labor-intensive industries, infrastructure projects, projects involving transfer of technology, "pioneering" industries, projects in rural areas, orprojects involving small and medium enterprises (SMEs).
Foreign firms would also be protected against nationalization by the government, except if they had committed a corporate crime. Disputes between the government and investors can now be settled through arbitration in accordance with international laws.
Shihab also welcomed the decision made by Albaraka Bank Group to open a branch office in Indonesia.
President and CEO of the Albaraka Bank Group Adnan Ahmed Yousif said Indonesia was one of the world's big markets with a population of 220 million which was making rapid progress.
"I have visited this country several times and it's time for us to open an office here," he said.
According to Yousif, the banking sector was the bridge to bring investors from the Middle East to Indonesia.
Meanwhile, Minister Sofyan Djalil spoke on the country's latest developments, including its economic growth reaching 6.4 percent last year.
He said the government had plans to increase electricity supply by building power plants with a combined capacity of 10,000 megawatts, including coal-fired power plants and the use of other energy sources like geothermal and hydro power.
"The government also continues to improve the laws and regulations on investment to attract investors," he said.
Alwi Shihab, the presidential special envoy to the Middle East, made the remark at the opening of the 3rd Arab Asia Financial Forum here Thursday after noting that Middle Eastern investment in Indonesia was relatively small compared to other countries' investment.
"We will discuss any problem investors face and find a solution to make it easier for them to do business here ," he said. "We would like to see more investment coming from the Middle East and not only for the oil and gas sector," he said.
Alse present at the function were State Enterprises Minister Sofyan Djalil, chairman of the Indonesia Sharia Bank Association A. Riawan Amin, president and CEO of Albarakaa Bank Group Adnan Ahmed Yousif and chairman of Al Salam Bank Husein Mohammed Almeeza.
Shihab further said over the past few years several Saudi, Kuwaiti and UAE companies had made sound investments in Indonesia with special emphasis on tourism , amounting to 5 billion US dollars.
"RI is open for investment in any sector, not only in the oil and gas sector but also in banking, trade, insurance, tourism, infrastructure and real estate," he said.
In relation with the food crisis, the former foreign affairs minister said businessmen could also invest their capital in agriculture and agroindustry.
He said the government had decided to regulate the economy and to adopt more liberal policies to attract foreign investment.
Under Indonesia's new investment law, both foreign and local firms enjoy the same incentives, as long as they meet the requirements such as investing in labor-intensive industries, infrastructure projects, projects involving transfer of technology, "pioneering" industries, projects in rural areas, orprojects involving small and medium enterprises (SMEs).
Foreign firms would also be protected against nationalization by the government, except if they had committed a corporate crime. Disputes between the government and investors can now be settled through arbitration in accordance with international laws.
Shihab also welcomed the decision made by Albaraka Bank Group to open a branch office in Indonesia.
President and CEO of the Albaraka Bank Group Adnan Ahmed Yousif said Indonesia was one of the world's big markets with a population of 220 million which was making rapid progress.
"I have visited this country several times and it's time for us to open an office here," he said.
According to Yousif, the banking sector was the bridge to bring investors from the Middle East to Indonesia.
Meanwhile, Minister Sofyan Djalil spoke on the country's latest developments, including its economic growth reaching 6.4 percent last year.
He said the government had plans to increase electricity supply by building power plants with a combined capacity of 10,000 megawatts, including coal-fired power plants and the use of other energy sources like geothermal and hydro power.
"The government also continues to improve the laws and regulations on investment to attract investors," he said.
