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Head of Indonesia investment promotion promotes 10 new Balis
Spain’s investment in Indonesia keeps on increasing.
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One of the world’s top destinations, Madrid is a magnet for travelers from around the world. It is a vibrant city, full of energy and exciting atmosphere. (Shutterstock/*)
T
he head of the Indonesian investment promotion in London, Nurul Ichwan traveled to Zaragoza, Spain on July 4 to attend a business forum that aims to increase the trade value between ASEAN and Spain and to attract Spanish investors to ASEAN countries.
Ichwan explained that in 2011, the Spanish investment value in Indonesia was US$1.09 million. In 2012 the number increased slightly to $3.15 million but down to $2.89 million in 2013. In 2014, the number jumped up to $15.69 million and increased 300 percent to $56.59 million in 2015.
The number decreased once again in 2016 with $50.09 million, “The total of investment from 2010 to 2016 has only reached $168 million for 237 projects; that puts Spain in the 27th spot for top foreign investors,” said Ichwan.
Read also: A truly Spanish experience in Madrid
Ichwan also presented the implementation of One Stop Service (OSS) center by The Investment Coordinating Board (BKPM) in 34 provinces across Indonesia and financial projections for toursim ministry’s 10 priority destinations which are also known as "the new Balis". The destinations encompass Lake Toba, Belitung, Tanjung Lesung, Thousand Islands, Borobudur temple, Mount Bromo, Mandalika, Komodo Island, Wakatobi National Park and Morotai.
“Spain’s investment in Indonesia keeps on increasing with the biggest contribution from Airbus Defense & Space (EADS – CASA) that has been operating in Indonesia since 1976. We have to attract Spanish investors to invest in our maritime sector to make up for the number of investment the Spain made to Indonesia in 2016 that was down $ 6 million [from the previous year],” said Indonesian Ambassador to Spain Yuli Mumpuni.
The Spanish government allocates 450 million euro every year to support the globalization initiative for Spanish companies that includes expanding to Vietnam and Indonesia. (asw)
