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    Indonesia Investment Day: West Java Offers Opportunities for Hundreds of Million Dollars

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    BANDUNG - The West Java Provincial Government offers hundreds of millions of dollars in the tourism investment, infrastructure and manufacturing sectors in foreign private sectors.

    Regional Secretary (Sekda) of West Java Province Iwa Karniwa said dozens of projects in the two sectors had been offered at the "Indonesia Investment Day" event held by the Investment Coordinating Board in Singapore this week. "West Java has an attraction for foreign investors, there are two superior investment sectors that we offer from tourism, infrastructure to automotive," he said in Bandung, Friday (31/8/18) evening.
     
    According to Iwa Karniwa, for the investment infrastructure sector offered is the Legoknangka Waste Management and Final Processing Site project, Bandung. The project offered for US $ 200 million is looking for investors who will process waste into electricity. "The land already exists, so we just look for investors for a management beauty contest," he said.

    Then the greater investment opportunity is in Aerocity, Kertajati, Majalengka which has an area of 3,480 hectares. Iwa said there were 6 investment clusters offered including energy centers, business areas, residences and gas pipelines to support the West Java International Airport Kertajati. "For the energy from the Canadian Solar Group, they are interested in investing in solar panels," he explained.

    On the tourism side, the offer is far more varied. West Java offers at least 5 tourist destinations that require investment support starting from the official Tenjo tourist area, Sukabumi which offers an investment of 1.8 million US $. Development of Gebang Beach, Cirebon valued at US $ 15.57 million.

    "We also offer the development of mangrove forests in Sinar Laut, Agrabinta Cianjur worth US $ 2.5 million . "In Batu Karas Beach, which is included in the tourism-specific economic zone, we need an investment of US $ 12.7 million in resort hotels," he explained.

    Regarding manufacturing, they are also offers an investment of US $ 990 million for the construction of automotive components in the Subang industrial area which will be adjacent to the location of Patimban Port. "There are many conveniences offered to PMA, from guaranteeing electricity supply to fiscal incentives," he said.

    In the event the Secretary of the Iwa assessed that a number of investment interests began to be offered by foreign private parties. From the start of the plan to build an electronics factory, printer factory investment, fiber optic network. "From China, Canada, there are also leather industry investment plans and standard export food packaging. We have done one on one meeting, "he said.

    Secretary of Iwa also said that West Java could attract large foreign investors in the Investment Day event.

    This is considering that based on investment realization data up to Quarter I 2018 Singapore is the third largest country that invests in West Java after South Korea and Japan. "The value reaches US $ 330 million ," he said.

    The investors from Singapore only targeted a number of favorite areas, especially in Bekasi, Karawang, Bogor, Bogor City and Cirebon Regencies. With investment interests ranging from automotive, real estate to the food industry. "For this country, West Java has a strong investment attraction," he said.

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