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Jakarta Post

Foreign firms interested in managing islands near Batam

  • Fadli

    The Jakarta Post

Jakarta   /   Sat, October 17 2009   /  01:11 pm

The Batam Industrial Development Authority (BIDA) is being swamped with plans by foreign investors to manage parts in Riau Islands province. Foreign investors have expressed interest in managing the islands around Batam exclusively for industrial and tourism purposes, but the BIDA says it cannot grant full management rights without undermining its own authority. To date, only one island in the area is managed exclusively by the private sector on the basis of a policy issued during the New Order administration. BIDA spokesman Dwi Djoko Wiwoho told The Jakarta Post recently that many foreign investors had submitted applications to manage islands around Batam exclusively. However, BIDA, which also acts as the Batam Free Trade Zone management agency, has been unable to grant most of the applications because they sought sole rights over the islands' management. "Many ...