$75b investments to flow into Indonesia

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The new L’Oréal factory in Jababeka will serve as the production hub for the ASEAN region.

Indonesia has commitments for $75 billion in foreign direct investments over the coming years, Chatib Basri, Chairman of Indonesia’s Investment Coordinating Board, said on November 7 at the opening ceremony of the new L’Oreal cosmetics factory in western Java.

The $75 billion include the $10 billion plant pledged to be built by Apple supplier Foxconn Technology Group. L’Oreal invested $130 million into its new factory which is its largest worldwide as it eyes growing middle class wealth in the world’s fourth most populous nation. The factory will also serve as a production hub for ASEAN, L’Oreal said.

Indonesia saw foreign direct investment grow 22 per cent to a record $5.90 billion in the third quarter, to take it to $17.43 billion so far this year. The strong investment has helped make up for declining exports to keep economic growth above 6 per cent in 2012.

Latest large industrial investment in Indonesia include Toyota, POSCO and Caterpillar.

Earlier this year, ratings agencies Moody’s and Fitch raised Indonesia’s credit rating to investment grade status, while a 2011 BBC survey named Indonesia as the best place in the world to start a business. With over 117 million workers, Indonesia has the fifth largest work force in the world.

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Reading Time: 1 minute

The new L’Oréal factory in Jababeka will serve as the production hub for the ASEAN region.

Indonesia has commitments for $75 billion in foreign direct investments over the coming years, Chatib Basri, Chairman of Indonesia’s Investment Coordinating Board, said on November 7 at the opening ceremony of the new L’Oreal cosmetics factory in western Java.

Reading Time: 1 minute

The new L’Oréal factory in Jababeka will serve as the production hub for the ASEAN region.

Indonesia has commitments for $75 billion in foreign direct investments over the coming years, Chatib Basri, Chairman of Indonesia’s Investment Coordinating Board, said on November 7 at the opening ceremony of the new L’Oreal cosmetics factory in western Java.

The $75 billion include the $10 billion plant pledged to be built by Apple supplier Foxconn Technology Group. L’Oreal invested $130 million into its new factory which is its largest worldwide as it eyes growing middle class wealth in the world’s fourth most populous nation. The factory will also serve as a production hub for ASEAN, L’Oreal said.

Indonesia saw foreign direct investment grow 22 per cent to a record $5.90 billion in the third quarter, to take it to $17.43 billion so far this year. The strong investment has helped make up for declining exports to keep economic growth above 6 per cent in 2012.

Latest large industrial investment in Indonesia include Toyota, POSCO and Caterpillar.

Earlier this year, ratings agencies Moody’s and Fitch raised Indonesia’s credit rating to investment grade status, while a 2011 BBC survey named Indonesia as the best place in the world to start a business. With over 117 million workers, Indonesia has the fifth largest work force in the world.

Do you like this post?
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