Indonesia Infrastructure Week to attract investors: Indonesian Chamber of Commerce

Jakarta (ANTARA News) – The Indonesia Infrastructure Week exhibition will serve as a trade forum to attract foreign and domestic investors, the Indonesian Chamber of Commerce and Industry (Kadin) said.

The exhibition is being held at the Jakarta Convention Center (JCC) from November 9 to 11, 2016.

“We are convinced that the exhibition will attract trade transactions and investment in the infrastructure sector,” Kadin Chairman Rosan P. Roeslani said here on Wednesday.

He said that the contributions of the international and domestic investors are badly needed for the countrys infrastructure development.

Their contributions are expected to cover up the shortage of infrastructure development funding from the state budget.

He said that the funds needed for the infrastructure development in Indonesia during the five years of the government of President Joko Widodo (Jokowi) until 2019 could reach Rp5.5 trillion.

“Of the 5.5 trillion, only about one third could be provided by the government, in this case the state budget, regional government budget and state-owned enterprises (SOE). Therefore, the contributions of the national and foreign investors are needed for the development of infrastructure,” he said.

For this, Kadin, the National Development Planning Board (Bappenas), and the Public Works and Public Housing Ministry are jointly organizing the Indonesia Infrastructure Week 2016, the Kadin chairman said.

About 600 exhibitors from various SEOs and private companies, both domestic and foreign ones from 37 countries, will participate in the exhibition, which was opened by Jokowi.

Apart from that a total of 1,600 delegations, 2002 seminar speakers and 22 thousand visitors have been registered online to attend the event.

Rosan said Kadin will continue to support government products required by Indonesia, particularly in the infrastructure sector.

Based on the World Economic Forum, infrastructure is the main cause of Indonesias weak competitiveness in the world market after corruption and bureaucratic inefficiency.