TEMPO.CO, Jakarta - The Investment Coordinating Board (BKM) announced that Malaysia had committed to investing US$575 million during the 1^st Indonesia-Malaysia Investment Forum.

BKPM head Franky Sibarani said that the investment would be allocated to several sectors, including telecommunication, air transportation services, trade, infrastructures, power plant, property, industrial zones, food processing, and electronic waste recycling.

“Investments in infrastructures and industrial zones are prioritized, and they have significant value,” Franky said in a press release as quoted by Bisnis.com on Saturday, April 30, 2016.

According to Franky, the BKPM investment marketing team will coordinate with the Indonesian Embassy in Kuala Lumpur and related ministries to follow up the investment interest.

Franky, who was accompanied by the team, held one-on-one meeting with several Malaysian investors operating in telecommunication, air transportation and trade sectors. After the investor forum event, the Indonesian Embassy and the BKPM representative office in Singapore also held an investment clinic, attended by 38 investors, to lure investment interests.

Last year, Malaysia was recorded as the second country with the largest investment in Indonesia. Over the last six years, the country had been listed as top five investor countries with a total investment value of US47.2 billion.

Data from the BKPM revealed that Malaysia ranked 9^th as the largest investor with a total investment realization of US$101 million in the first quarter of 2016. The investment value financed as many as 207 projects and created more than 10,000 jobs.

BISNIS.COM