REPUBLIKA.CO.ID, JAKARTA -- The Investment Coordinating Board of Indonesia (BKPM) has said a Japanese corporation is interested in investing 900 billion rupiahs to develop three shopping centers in Indonesia.
The Chairman of the BKPM, Franky Sibarani, addressing a press conference in Jakarta on Tuesday, said the corporation wants to build these shopping centers over the next two years.
The firm is currently conducting research to determine the locations in Jabodetabek.
"Each shopping center project will involve investment worth 300 billion rupiahs. So, about 900 billion rupiahs worth of investment will happen in the first phase. We are supporting the process so that the investment is realized expeditiously," he stated.
Franky further elaborated that the corporation has appointed a local partner to develop the project.
It is estimated that the development of one single shopping center will take one and a half year.
The corporation had earlier established a branch in Cambodia.
According to Franky, Indonesia continues to be an appealing destination for investment as it has a massive market potential and is part of the ASEAN Economic Community.
"They already have a local partner with experience in the field, and are now waiting to find an appropriate location. The long term plans for these three shopping centers are now in place, and the company wants to start its research in Surabaya and Makassar," he disclosed.
"We are always ready to facilitate and oversee the investor's needs. We want to ensure that they are satisfied with BKPM's services, " he reiterated.
According to BKPM's data, Japanese investment commitments have grown and Japan is now among top 10 marketing priority countries.
Japan came in 3rd with 95 percent growth in investment that has reached US$8.1 billion.
It was preceded by China with $22.2 billion, 42 percent more than last year. Singapore also saw a rise of 69 percent with investment reaching $16.3 billion.
Following Japan, South Korea also noted a rise of 86 percent in investment commitments, taking it to $4.8 billion.
While the realization of Japan's investment in Indonesia in 2015, the country saw a 6 percent increase compared to the same period in 2014.
Japanese investment in Indonesia has been recorded at $2.87 billion, in a total of 2,030 projects, recruiting 115,400 laborers.
Much of Japan's investment has been in the manufacturing sector, especially automotive, electronics and machinery. Pharmaceutical and chemical sectors are also on the list.
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