This event is part of BP Batam's 52nd anniversary celebrations. The event took place at the Radisson Golf and Convention Centre in Bukit Indah Sukajadi on Oct. 27.

In his speech, Muhammad Rudi, the chairman of BP Batam, expressed appreciation for business players and all parties for their hard work in creating a favorable investment climate in the city of Batam. A conducive investment environment is a desire of investors, as high investment value is directly related to job creation and impacts the local economy.

"We hope that the 2023 Investment Award can inspire and continue to support the innovation of business players. Thus, the potential of Batam can be further developed as a leading investment destination in Indonesia," he said.

There are 10 award categories given to business players and influential figures. The 10 recipients of the Investment Award 2023 were as follows:

• The Lifetime Achievement Award for Batam went to BJ Habibie.
• The Logistics and Forwarder Award for Batam went to Daniel Burhanuddin.
• The Best Integrated Industrial Estate Award went to Kabil Integrated Industrial Estate (KIIE).
• The Award for the Company with the Most and Best Workforce went to PT Pegaunihan Technology Indonesia.
• The Highest US Manufacturing Investment Award went to PT Flextronics Technology Indonesia.
• The Best Shipyard US Manufacturing Investment Award went to PT Dok Warisan Pertama Batam.
• The Largest Expansion Award for US Manufacturing Investment went to PT Kim Seah Shipyard Indonesia.
• The Largest Investment Realization Award for US Manufacturing Investment went to PT Sinergy Oil Nusantara.
• The Highest Export Award for US Manufacturing Investment went to PT Ecogreen Oleochemicals.
• The Compliance Reporting of LKPM Award for US Manufacturing Investment went to PT Schneider Electric Manufacturing Batam.

One of the award recipients, Daniel Burhanuddin, expressed appreciation for the rapid changes and progress in the city of Batam in recent years. The progress of Batam today is thanks to the hard work of BP Batam's leadership.

"Hopefully, under Muhammad Rudi's leadership, we will continue to thrive. I hope that at my age of 84, I can continue to enjoy Batam's progress. So I expect Rudi to keep working to develop Batam," he said.

This appreciation was given to encourage other companies in Batam to continue growing, as the mainstay of Batam's economy is its industrial sector. FDI values in the first half of 2023 increased by 1.56 percent compared with the previous year, and the number of projects increased by 142.29 percent compared with the same period last year.

Investment growth is dominated by companies in the fields of computers, electronics and optics, contributing 40 percent in the first half of 2023. The top-five countries for investment realization are Singapore (US$225.4 million), France ($34.4 million), Hong Kong ($34.2 million), China ($18.6 million) and Malaysia ($10.9 million).

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