Energy among top interest drawers in Indonesia’s investment plan

Funds committed to support Indonesia’s investment master plan until 2014 have reached Rp 4,925 trillion or $537 billion as of the end of February.

The funds will be used for a number of projects under the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development or MP3EI, with energy among the two drawing the most interest from investors.

Almost a thousand trillion rupiah was added to the Rp 4,012 trillion reported several months ago.

mong the sectors drawing the most interest were energy and transportation.

“The energy sector and port developments have drawn most investors’ interests. Those projects are mainly based in Java and Sumatra,” said Abdul Kamarzuki, the head of the planning division at the Indonesian Economic Development Committee.

The MP3EI, launched in May 2010, divides the country into six economic corridors, namely Java, Sumatra, Kalimantan, Sulawesi, Bali-Nusa Tenggara and Papua-Maluku. It is aimed at boosting developments and economic growth across the regions.

The master plan is a top priority in Indonesia’s “economic diplomacy,” with the country’s envoys having recently been directed to especially persuade foreign investors to support the program.

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