The Investment Coordinating Board (BKPM) says it will work with national flag carrier Garuda Indonesia to boost investment in Indonesia.
BKPM chief M. Chatib Basri and Garuda Indonesia president director Emirsyah Satar signed a memorandum of understanding (MoU) to promote the BKPM abroad at BKPM’s office in Central Jakarta on Monday.
“Investment always starts from connectivity, and, as the first airline in the country, Garuda has a strong domestic and international network. By having this partnership, we believe we can better promote the BKPM to any possible investor,” Chatib said on the sidelines of a ceremony to sign the agreement.
He said that the BKPM would provide information on investment regulations and opportunities across the archipelago in Garuda’s in-flight magazines and through the airline’s sales representatives in Abu Dhabi, UAE; Beijing, China; London, UK; Melbourne, Australia; and Tokyo, Japan, among other destinations.
“We are going to provide clear and concise information about the BKPM, so that executives who are interested in investing in Indonesia have enough knowledge of what to do and where they have to go,” he said.
According to the latest data from the BKPM, investment in Indonesia topped Rp 229 trillion (US$23.81 billion) in the first nine months of 2012, up 27 percent from the same period last year, he said.
Chatib said the BKPM wanted to book Rp 390 trillion in investment in Indonesia in 2013, which would be up 37 percent from the Rp 283 trillion target set for 2012.
Emirsyah said that the deal would compliment the airline’s role in national development. “We will continue to support the BKPM, because the more people know about Indonesia, the more people travel [here], the more people invest,” he said.
He said that Garuda would promote the BKPM through the airline’s advertisements and participation in international events, such as trade and travel exhibitions.
Garuda currently operates 96 aircraft with an average fleet age of 6.23 years that fly to 31 domestic destinations and 19 international destinations.
The airline is set to connect Jakarta to Auckand, New Zealand; Brisbane, Australia; and London in the third quarter of 2013.