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Jakarta Governor to lure investments from Singapore

Jakarta Governor Basuki "Ahok" Tjahaja Purnama is set to encourage Singaporean businesspeople to invest in Jakarta during his visit to the country next week

The Jakarta Post
Jakarta
Tue, October 13, 2015

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Jakarta Governor to lure investments from Singapore

J

akarta Governor Basuki "Ahok" Tjahaja Purnama is set to encourage Singaporean businesspeople to invest in Jakarta during his visit to the country next week.

"We will have meetings and discussions with several local businesspeople. We want to invite them to join in our infrastructure [development projects]," said Ahok on Tuesday as quoted by beritajakarta.com.

Several provincial administration-owned enterprises (BUMD) are set to send representatives with Ahok, including property developer PT Jakarta Propertindo (Jakpro), lender Bank DKI and project operator PT MRT Jakarta.

According to Ahok, there are many issues in the capital city that need to be addressed, such as waste management, gas-fueled power plants (PLTG), seaports and logistics. He plans to bring the BUMD personnel along to work on business-to-business deals.

"Our aim is to spark their interest in entering our projects directly in financial sense. For example, they could establish a joint company with either Bank DKI or Jakpro," said Ahok.

Ahok added that there was no need to circle the world to look for investors. He is confident that the search for investors can find success in Singapore.

"If Singapore is interested, I don't think [we] have to travel the world; we can [start with] Singapore instead. If Singapore believes in you, they will [make the] investments. Money that enters Singapore is [already] from all around the world," said Ahok. (kes)

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