UK to Make Massive Investments in Indonesia

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  • British Prime Minister David Cameron (left) welcomes Indonesian President Joko Widodo during his visit to the United Kingdom. REUTERS/Stefan Wermuth

    British Prime Minister David Cameron (left) welcomes Indonesian President Joko Widodo during his visit to the United Kingdom. REUTERS/Stefan Wermuth

    TEMPO.CO, Jakarta - The Indonesia Investment Coordinating Board (BKPM) stated that the British government is planning to make massive investment in Indonesia following President Joko "Jokowi" Widodo's visit to Europe last week. Jokowi's five-day visit was intended to attract investors.

    Three European countries, Netherland, Britain (UK) and Germany expressed their interest in making investments in Indonesia. "UK showed the highest interest," BKPM Chief Franky Sibarani said at BKPM office on Monday, April 25, 2016.

    According to Franky, at least 10 to 13 business negotiations were made during Jokowi's visit to the United Kingdom. Some of the investments will include Unilever, which will be investing in Solar Power Plant (PLTS); and pharmaceutical company Glaxo Smithkline (GSK).  Franky estimated to investment value to reach US$19.02 billion in total.

    Franky calculated that the total investment value that can be generated from the three countries could reach up to US$20.5 billion.

    Germany plans to take part in a nickel smelter project by cooperating with PT Aneka Tambang (Antam).  Meanwhile, the Netherlands has made four investment plans that will be subject to further discussion.

    EGI ADYATAMA