Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

American investors show interest in Kuala Tanjung Port

  • Apriadi Gunawan
    Apriadi Gunawan

    The Jakarta Post

Batubara, South Sumatra | Mon, July 16, 2018 | 02:48 pm
American investors show interest in Kuala Tanjung Port The Cruise Superstar ship sits at a dock for 11 hours after having carried 700 foreign tourists at Kuala Tanjung Port in Batubara regency, North Sumatra, on April 5. (JP/Apriadi Gunawan)

Overseas Private Investment Corporation (OPIC) vice president David Bohigian has said that investors from the United States have expressed interest in investing in infrastructure located near North Sumatra's Kuala Tanjung Port, which is scheduled to be inaugurated by President Joko “Jokowi” Widodo on July 30.

Bohigian told journalists while visiting Kuala Tanjung Port over the weekend that he had spoken to a number of American investors who showed interest in investing in both industry and infrastructure in Indonesia, including in Kuala Tanjung.

“We allocated US$100 million to be utilized by American investors […]. That is why we came here, to inspect the progress of development here, including the Kuala Tanjung seaport construction,” Bohigian said.

He said Kuala Tanjung Port would become one of the biggest seaports in Indonesia and a hub for international cargo, benefiting local industries in North Sumatra.

The construction of the port took into account environmental aspects and the jobs of traditional fisherfolk, he said. “We can see that there are still fishing boats that pass near the seaport,” he added.

Bohigian recently talked to Coordinating Maritime Affairs Minister Luhut Pandjaitan and Investment Coordinating Board (BKPM) head Thomas Lembang in Jakarta about the plan to bring in American investors.

OPIC has invested US$2.35 billion in 116 projects in Indonesia since 1974. Bohigian said the institution supported investing $120 million in a wind farm project in Sulawesi that was inaugurated by the President recently. (bbn)

Join the discussions