BANDUNG-The Head of West Java's One Stop Service (BPMPT) Investment Office, Dadang Masoem, said Middle Eastern countries including the United Arab Emirates (UAE) chose investments in the infrastructure sector of West Java with an estimated value of USD33 million.
Dadang rates they have not dared to enter the manufacturing sector because it is still controlled by Japan. In addition, UAE invests in tourism such as hotel business.
"They (UAE) invest into infrastructure as a project contractor," he told reporters in Bandung, Tuesday (10/10/2017)
Dadang considers Middle Eastern investors to invest in a concrete field. But the study project in West Java has not been so lucrative that investors ask the value of investment projects offered.
"Actually the closest is United Arab Emirates 58th rank to reach USD 33 million is still far when compared to other countries, the highest is Japan, Singapore, South Korea including Malaysia," said Dadang.
Dadang admitted so far Middle East investment in West Java is still fairly minimal because of their investment culture is always working with other parties.
"So we in fact are playing investors when there is an inevstor Middle East in it," said Dadang.
The same thing happens when it is known that Singapore's investment value is higher than other countries. Apparently, investors actually come from Europe including the Middle East.
He cited an Air Conditional company from the UK with a factory location in Johor Malaysia while his office is in Singapore so that the Singapore investors note when ownership from the UK.
"So it's hard to trace it, we just know that 30 percent of Matahari shares are owned by Middle Eastern investors, and Singapore is in the top five but it is not native to Singapore but European investors who use Singaporeans," Dadang explained.