Rabu 28 Oct 2015 16:12 WIB

BKPM: US to invest US$40 million in creative economy

Red: Julkifli Marbun
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REPUBLIKA.CO.ID, JAKARTA -- The United States is interested in investing US$40 million, or Rp500 billion, in Indonesia's creative economy sector after President Joko Widodo's (Jokowi's) visit to Washington this week, according to the Investment Coordination Board (BKPM).

BKPM Head Franky Sibarani noted in a press statement released here on Wednesday that the United States had expressed interest in making an investment during a one-one-one meeting held on the sidelines of the Investment Summit in Washington.

"The United States' interest in investing US$40 million is not part of the business deal worth US$2.4 billion agreed earlier and announced by the government. Companies doing business in the creative economy sector from the United States attended the one-on-one meeting and expressed interest to invest US$40 million in this sector in Indonesia," he remarked.

Sibarani explained that companies from the creative economy sector were actively involved in digital and entertainment innovations.