The Indonesian government has offered business projects worth $2.5 billion on Belitung Island to Singaporean investors as the part of effort to develop tourism in the region. (Photo courtesy of the Ministry of Tourism)
Gov't Offers Projects Worth $2.5b on Belitung Island to Singaporean Investors
BY :SARAH YUNIARNI
SEPTEMBER 27, 2018
Jakarta. The Indonesian government has offered business projects worth $2.5 billion on Belitung Island to Singaporean investors as the part of effort to develop tourism in the region.
Indonesian Ambassador Ngurah Swajaya led a delegation comprising Singaporean investors and government officials in Tanjung Pandan, Bangka-Belitung, on Tuesday (25/09) to show them the area's business potential.
The Belitung district government is offering several investment projects, including the expansion of HAS Hanandjoeddin International Airport and the development of special economic zones in Tanjung Kelayang and Tanjung Batu.
Aside from the tourism industry, members of the delegation are also looking for opportunities involving the island's flagship commodities, such as fishing products, pepper and spices.
"Political stability and security, improvement in the ease of doing business, market potential and human resources, are factors that attract foreign investors to Indonesia," Ngurah said in a statement.
The launch of direct flights between Singapore and Tanjung Pandan by national flag carrier Garuda Indonesia in October last year also helped to improve investment potential in the area.
Direct sea and air connections are expected to increase foreign tourist arrivals on Belitung Island, especially from Singapore.
The delegation's visit to the island this week has already resulted in a $2.5 million pepper export deal between local entity MTN Bersatu Sukses and Singaporean investors.
The visit was a follow up to an Indonesian Investment Day event the embassy presented in Singapore on Aug. 31.