Indonesia Offers 24 Infrastructure Investment Opportunies at Dubai Expo

TheIndonesia.id - Indonesia's Ministry of Public Works and Public Housing offered infrastructure investment opportunities during a business forum at Expo 2020 Dubai, the United Arab Emirates, the ministry said in a press statement here on Sunday.

"Currently there are 24 projects both solicited and unsolicited worth US$19 billion, including 10 Public-Private Partnership (PPP) projects worth US$9.2 billion ready to be offered. These projects comprise 9 road projects and 1 dam project, " Minister of Public Works and Public Housing Basuki Hadimuljono said in Dubai.

During the business forum, Minister Hadimuljono said entrepreneurs can use two platforms to invest in the infrastructure sector.

The first platform is a Foreign-Owned Limited Liability Company and the second is a Foreign Construction Services Business Entity.

Indonesia needs a budget of US$430 billion, but of the total, only 30 percent can be covered by the State Budget.

For the other 70 percent, the government issued a number of policies such as on creative financing scheme, including tax incentives for new investment, in order to attract investors and remain competitive.

The government also issued Law Number 11 of 2020 concerning Job Creation, which aims to open up greater opportunities for entrepreneurs to invest in infrastructure in Indonesia.

The Indonesian Pavilion during the seventh week of Expo 2020 Dubai broadcast digital content containing the support of the Ministry of PUPR for the Five Super Priority Tourism Destinations, development of eastern Indonesia, increasing accessibility between regions, and developing special areas.

The Five Super Priority Tourism Destinations are part of the government's program to promote ten new Balis. The tourist destinations are Lake Toba, Borobudur Temple, Lombok-Mandalika, Labuan Bajo, and Likupang.

The five super-priority tourist destinations are expected to not only attract tourists but also foster a creative economic ecosystem that involves local residents.

The Ministry of PUPR's support for the Five Super Priority Tourism Destinations is in the form of infrastructure development at each location, which is planned in an integrated manner.

It also held a virtual exhibition entitled "Infrastructure for A Better Tomorrow" from November 12 to 30 at the Dubai expo.