Regional forum seeks to attract investors for RI development

President Yudhoyono is set to open a regional investment forum in late May, designed to attract foreign and local investors in development projects across the country. The Indonesian Regional Investment Forum, which will take place at the Ritz-Carlton in the Sudirman Central Busi­ness District in South Jakarta on May 26 and 27, is expected to secure at least US$6 billion, the organizer said. A region must present three or more feasible projects worth a total of at least $50 million to participate in the forum. The projects will cover a range of areas, including agribusiness, planta­tions, biofuel, infrastructure, mining, power, oil, gas, property and tourism. More than 500 foreign and local investors are scheduled to attend the forum and channel funds to provinces, cities or regencies, said Irman Gusman, the forum's chairman and deputy speaker of the Regional Representatives Council. (http://www.bkpm.go.id/en/node/1908)