BKPM: Indonesia to Be Abu Dhabi's Investment Hub to ASEAN

TEMPO.CO, Jakarta - Chairman of the Investment Coordinating Board (BKPM) Bahlil Lahadalia during the presidential visit to the United Arab Emirates (UAE), met with a number of CEOs and investors, including Masdar CEO, Mohamed Jameel Al Ramahi, in Emirates Palace Hotel, Abu Dhabi.

Masdar is a UAE based New Renewable Energy (EBT) company, who actively invests in various countries.

“Jameel said to the Chairman of BKPM that he will make Indonesia as the hub for his investments in Southeast Asia or ASEAN,” said Member of the Investment Committee’s Communication and Information Division, Rizal Calvary Malimbo, in a written statement, in Abu Dhabi, on Monday, January 13, 2020.

According to Rizal, only Malaysia or Singapore that has been becoming a hub for unlimited investment from the Middle East. “After being convinced by BKPM Chairman, Masdar wants to make Indonesia its new Singapore.”

As his first endeavor in Indonesia, Masdar will partner with PLN (state electricity company) subsidiary business, PT Pembangkitan Jawa Bali (PJB).

Masdar and PJB will build a floating Solar Power Plant (PLTS) in the Cirata Reservoir, West Java; claimed to be one of the largest solar power plants in Southeast Asia.

Rizal went on to say that Jameel had promised to invite his partners and investor associates from all over the world, to invest in Indonesia.

Furthermore, BKPM’s Deputy of Investment Promotion, Farah Ratnadewi Indriani, continued to say that the investors who have met BKPM Chairman have agreed to start and increase their investments in Indonesia.

MUHAMMAD HENDARTYO | DIO SUHENDA