Number of foreign projects in Batam up 18%

The number of foreign projects in Batam approved by the Investm..." /> Number of foreign projects in Batam up 18%

The number of foreign projects in Batam approved by the Investm...">
Number of foreign projects in Batam up 18%

The number of foreign projects in Batam approved by the Investment Coordinating Board (BKPM) from January to August this year rose 18% to 54 from 34 in the same period last year, Asia Pulse reported.

The 54 projects are worth $65.934 million, while 15 more projects to expand existing operations are valued at $179.310 million, the Batam Authority's chief of marketing and public relations, Rustam Hutapea, said on Friday.

In August, the BKPM approved foreign applications for nine new projects worth $7.280 million and four extension projects valued at $5.565 million.

During the month the BKPM approved one domestic investment application valued at Rp500 billion ($54 million), bringing the number of domestic investment projects approved from January to August to four with a total investment of Rp16.614 billion.
<span style="font-size: 14pt"><span style="font-weight: bold">Number of foreign projects in Batam up 18%</span></span><br /> <br /> The number of foreign projects in Batam approved by the Investment Coordinating Board (BKPM) from January to August this year rose 18% to 54 from 34 in the same period last year, Asia Pulse reported.<br /> <br /> The 54 projects are worth $65.934 million, while 15 more projects to expand existing operations are valued at $179.310 million, the Batam Authority's chief of marketing and public relations, Rustam Hutapea, said on Friday.<br /> <br /> In August, the BKPM approved foreign applications for nine new projects worth $7.280 million and four extension projects valued at $5.565 million.<br /> <br /> During the month the BKPM approved one domestic investment application valued at Rp500 billion ($54 million), bringing the number of domestic investment projects approved from January to August to four with a total investment of Rp16.614 billion.
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