Indonesia among world's top FDI recipients
DUBAI/JAKARTA, The Jakarta Post/Asia News Network
April 15, 2014, 12:01 am TWN
The Jakarta Post/Asia News Network--Foreign direct investment (FDI) in Indonesia may double the average growth rate of FDI going into other emerging markets, which was estimated to have reached about 10 percent a year, Investment Coordinating Board (BKPM) Chief Mahendra Siregar said.
"FDI in Indonesia has been growing by more than 20 percent a year. Eight to 10 percent is much lower than what we have been achieving. Last year, our FDI grew by about 22 percent year-on-year," Mahendra told reporters on Tuesday on the sidelines of the launch of the three-day Annual Investment Meeting (AIM) forum in Dubai, United Arab Emirates (UAE).
An investment report, published by the AIM forum in cooperation with the Financial Times' FDI Intelligence division, estimates the greenfield FDI in emerging markets will grow by about 8 percent annually over the next five years, while total FDI flows are expected to increase by about 10 percent annually during the same period.
"Our target this year is to have our foreign investment grow by at least 15 percent," Mahendra said. BKPM data showed that Indonesia secured 272.6 trillion rupiah (US$24.14 billion) in FDIs last year.