TEMPO.CO, Jakarta - Jakarta Deputy Governor Sandiaga Uno believes that the target Rp1,000 trillion investment can be achieved in the next five years. He is confident of it after attending a global investment forum in Dubai, the United Arab Emirates on Thursday. “The multiplier effect will be huge. So, we have to turn away from the low-wage economy,” Sandiaga said yesterday in West Jakarta.
Jakarta administration is hoping to attract investment in the tourism sector. Therefore, Sandiaga said he is aiming for more relaxed permit applications. He expects that it would attract investors and raise the investment target to Rp100 trillion in 2018.
Sandiaga said he will continue to increase foreign direct investments since Indonesia’s economy remain lagging compared to others. He is worried that without inflow of FDI, thousands of youngsters will face the prospect of unemployment.
Aside from the tourism sector, Sandiaga said that Dubai investors are also wishing to invest in the tough retail market. The Deputy Governor also expects investors to enter the transportation sector and help build transit oriented development.
Sandiaga Uno has also called on local administration-owned enterprises (BUMD) to make use of investment funds. Even more so as the administration plans to stop capital participation for BUMDs and told them to find their own funding sources.
LARISSA HUDA
