Tuesday, 20 September 2022 09:00

Foreign Investment in Batam Increase 35.7% During The First Quarter of 2022

The Investment Coordinating Board (BKPM) noted that foreign investment in Batam rose 35.7% in the first quarter of 2022. This is certainly an achievement in itself for Batam City, which currently continues to accelerate the development of existing infrastructure. In fact, the Expert Staff of the Coordinating Ministry for Economic Affairs of the Republic of Indonesia, Elen Setiadi, said that Batam's strategic location was an important capital for foreign investment so far. Elen sees that Batam is not only about the manufacturing industry. However, Batam's current condition is much sexier since the tourism and digital industries have also started to become superior. Responding to the development that continues to be accelerated by the Batam Concession Agency (BP), the development of other industries will also be boosted.


"This needs to be supported. Its competitiveness must be the same as others. That's why the government gave Batam as a Special Economic Zone. Foreign investment attacks enter, that's what we expect. Above the Free Trade Zone, there is the Batam Aero Technic SEZ. Then there is the digital area, KEK Nongsa Digital Park. There is also a film industry in Batam, through Infinite Studios. This was developed in conjunction with the cooperation to Singapore, "he added. In addition, Elen said that the government is currently also placing Batam as a data center. Precisely in the Nongsa area. However, Elen explained that Batam did not completely abandon the manufacturing industry. In fact, the industry is getting stronger with the current development. "Not to mention the Offshore companies that continue to advance. Then, Batam HR also has international qualifications. They have certificates and there is training. Of course with international standard quality," he said.


Source: https://batam.tribunnews.com/2022/09/19/investasi-asing-di-batam-naik-357-persen-selama-triwulan-pertama-2022

 

 

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