BANDUNG: As many as 200 foreign and domestic investors have expressed their interest in 27 projects worth US$4.37 billion on display at the West Java International Expo.
One of the projects, a palm oil plantation in the south of the province, has already secured investments worth Rp 1.7 trillion ($170 million) before the three-day expo officially opened Monday.
The foreign investors came from France, the Netherlands, Germany, Singapore, Malaysia, Hong Kong, the Middle East and other Asian countries.
Governor Ahmad Heryawan said the province, which has huge reserves of natural resources and a labor pool of 42 million people, is a big investment opportunity and potential market for investors.
"Current non-oil exports from West Java reached about $ 20 billion or 17 percent of national non-oil exports," Heryawan said.
He guaranteed investors security and a simplified bureaucracy in 24 modern industrial zones.
Head of the West Java Investment and Promotion Agency, Iwa Karniwa, expected the exhibition to attract investments worth Rp 3.2 trillion.
Among the projects are a mini-hydro power plant and two geothermal power plants in Cisolok-Sukarame, Sukabumi and Tampomas which would be financed by the World Bank. - JP
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