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Jakarta Post

Oman investors explore business opportunities in Indonesia

News Desk (The Jakarta Post)
Jakarta
Wed, March 8, 2017

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Oman investors explore business opportunities in Indonesia Investment Coordinating Board (BKPM) chief Thomas Lembong speaks during the Indonesia-Oman Business Forum on Wednesday. The Oman delegation is exploring business opportunities in Indonesia. (Courtesy of BKPM/-)

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ollowing Saudi Arabia, as many as 33 business people from Oman are visiting Indonesia to explore investment opportunities in Southeast Asia’s biggest economy.

The business delegation represented various sectors, such as construction, international trading, property, manufacturing, mining, logistics, tourism, information technology and banking, Investment Coordinating Board (BKPM) chief Thomas Lembong said Wednesday.

“The visit by the Oman delegation shows that investment interests from Middle East countries will begin to emerge. We will cooperate with related parties, such as Kadin [Indonesian Chambers of Commerce and Industry] and the Foreign Ministry, to respond to their interests,” Lembong said in a statement.     

(Read also: Oman set to develop new oil refinery complex in Riau)

He further said that to attract investments from Oman, Indonesia needed to apply a regional approach, namely to treat the small-sized Middle East country as part of the Gulf Cooperation Council (GCC).

A similar approach has been implemented in European countries grouped under the European Union.

The Oman delegation met about 50 business people, who are members of Kadin, during the Indonesia-Oman Business Forum organized by BKPM.

Between 2010 and 2016, Oman firms poured US$211,000 in investment into Indonesia. This investment was channeled into two major sectors, namely agriculture and energy. (lnd)

 

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