US Company to Invest 9 Trillion in Bandung

Translator

Editor

Rabu, 30 April 2014 10:26 WIB

Ridwan Kamil, Bandung Mayor, during tourist bus testing in Bandung, West Java (25/3). TEMPO/Prima Mulia

TEMPO.CO, Bandung - US aircraft component company, UTC Aerospace Systems, will invest US$800 million (around Rp9 trillion) for Bandung Teknopollis project. "The company said it would invest in the project last Saturday," said Bandung Mayor, Ridwan Kamil, yesterday.


Bandung Teknopollis is Ridwan Kamil's project to move Bandung urban center to Gede Bage area. Ridwan said the US will invest in the near future. "They want their technology to be completed in 2015."


With that large amount of investment, there will be advanced technologies in Bandung that will help the project. "Advanced technologies complete with sophisticated human resources here," said the mayor.


The company is also planning on building a factory in Bandung with a 5-hectare land. Ridwan claimed there would be no problem with the land. The most important thing is the Bandung Teknopolis concept aims at gaining benefits from global economy and develop technology.


RISANTI




Related News

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

1 hari lalu

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

Bahlil will accelerate the facilitation of investment to achieve sugar and bioethanol self-sufficiency

Read More

EU Delegation Visit IKN to Explore Investment Opportunities, Authority Says

1 hari lalu

EU Delegation Visit IKN to Explore Investment Opportunities, Authority Says

IKN Authority deputy head claims that investment opportunities in IKN are attracting European attention.

Read More

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

2 hari lalu

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

IKN Authority said it had received three letters of intent (Lol) from three Malaysian private companies.

Read More

Today's Top 3 News: Microsoft's Promises Behind Jumbo Investments for Indonesia

3 hari lalu

Today's Top 3 News: Microsoft's Promises Behind Jumbo Investments for Indonesia

Here is the list of the top 3 news on Tempo English today.

Read More

Microsoft's Promises Behind Jumbo Investments for Indonesia

3 hari lalu

Microsoft's Promises Behind Jumbo Investments for Indonesia

Microsoft is confirmed to invest in Indonesia over the next 4 years, with a focus on developing artificial intelligence (AI) and cloud computing.

Read More

Jokowi Discusses Huge Investments in AI with Microsoft CEO

4 hari lalu

Jokowi Discusses Huge Investments in AI with Microsoft CEO

President Jokowi received a working visit from Microsoft CEO Satya Nadella at the Presidential Palace in Jakarta on Tuesday, April 30.

Read More

Jokowi to Meet Microsoft Boss, Discusses Investment Plan

4 hari lalu

Jokowi to Meet Microsoft Boss, Discusses Investment Plan

Jokowi received a working visit from Microsoft Chief Executive Officer Satya Nadella at the Presidential Palace in Jakarta on Tuesday, April 30, 2024.

Read More

Indonesia Prioritizes Local Investors in IKN, Says Minister Bahlil

5 hari lalu

Indonesia Prioritizes Local Investors in IKN, Says Minister Bahlil

Indonesian Investment Minister Bahlil Lahadalia said the government would prioritize domestic investors in the IKN project.

Read More

Jokowi, Lee Hsien Loong Discuss Defense, Investment, and ASEAN Issues

5 hari lalu

Jokowi, Lee Hsien Loong Discuss Defense, Investment, and ASEAN Issues

Indonesian President Jokowi and Singapore PM Lee Hsien Loong emphasized the importance of continued cooperation between the two countries.

Read More

Indonesia Discusses Sport Infrastructure Investment with UAE

6 hari lalu

Indonesia Discusses Sport Infrastructure Investment with UAE

Indonesia's Youth and Sports Minister discussed opportunities for investment in the development of sports infrastructures with the UAE.

Read More