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3 May 2010

Indonesia: Foreign investment reaches $3.8bn in first quarter

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Foreign investment in Indonesia was recorded at 35.4 trillion rupiah or $3.8 billion in 424 projects while domestic investment accounted for 6.7 trillion rupiah in 150 projects, national news agency Antara quoted an agency chief as saying.

"Investment in the first quarter of this year reached Rp42.1 trillion consisting of 574 projects," said Gita Wirjawan, chief of the Investment Coordinating Board (BKPM), adding that total investment in the first quarter of this year reached 42.1 trillion rupiah.

The biggest foreign investment was made in the transportation sector, warehouses and communications amounting to $941.5 million in 23 projects.

It was followed by the mining sector with an investment of $711.2 million in 39 projects, electricity, gas and clean water with nine projects amounting to $681.6 million.

The foreign investment was also made in 20 projects of housing, industrial zones and office building accounting for $406.1 million. The other foreign investment was made in the motor vehicle and transportation sectors with 10 projects worth $244.6 million.

In the meantime, the biggest domestic investment of 1.9 trillion rupiah was made in seven projects in the transportation sector, warehousing and communications. The trade sector and repair projects were the second biggest to receive domestic investment with eight projects worth 1.3 trillion rupiah in the first quarter of 2010.

The other sectors included gas and clean water sectors with 12 projects worth 1.2 trillion rupiah. About 800 billion rupiah had been invested in two service projects while 400 billion rupiah in machine, metal and electronic industries with 94 projects valued at 400 billion rupiah.


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