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BKPM: German Investors want to Build Smelter
A worker processes nickel at a nickel smelter near Sorowako, Indonesia's Sulawesi island, in this January 8, 2014. REUTERS/Yusuf Ahmad
Monday, 20 March, 2017 | 22:00 WIB
BKPM: German Investors want to Build Smelter

TEMPO.CO, Jakarta - The Indonesian Coordinating Investment Agency (BKPM) has attracted two German investors to invest in nickel smelter project costing at USD 800 million (around Rp 10.4 trillion).

The German companies have also expressed their interests to cooperate with state-owned mining companies in the project.

"We met with German companies interested in investing their capital in Indonesia, including a company with plans to invest USD 800 million while another company working on the field of natural gas has not mentioned the value of its investment," said BKPM Chairman Thomas Trikasih Lembong ina press conference on Monday, March 20, 2017.

The BKPM had conducted work visits to several European countries on March 15 until March 22, 2017, to promote Indonesia to several attractive investment destination countries, including Germany, France, Sweden, England and Denmark.

The work visit is also part of the BKPM's effort to achieve the Rp 678.8 trillion investment target for 2017.

"German is one of the important countries in Europe and a  major contributor of investments in Indonesia," Thomas said.

Thomas mentioned that one of the main investment attraction for German in Indonesia includes the relatively stable economic condition and solid macroeconomic fundamentals supported by high foreign direct investment (FDI) flow.

"Last year, the value of FDI's that has entered Indonesia reached USD 28.9 billion, 8.4 percent higher compared the previous year. German contributed USD 133 million of the total number of FDI," Thomas stated.


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