JAKARTA: Two Chinese firms have expressed interest in investing US$100 million in Indonesia’s shipping industry.
The interest was revealed to investment officials during their visit on Wednesday to Hangzhou, Zhejiang province, which serves as China’s industrial shipping center. The province is home to 359 shipyard companies with a total production of 7.8 million deadweight tons (DWT) last year.
“They plan to invest [in shipyards] in Banten with an annual production capacity of 30 to 50 ships, particularly middle-sized ones of 10,000 to 20,000 deadweight tons,” said Investment Coordinating Board (BKPM) deputy director for investment planning Tamba Hutapea in a statement Thursday.
To facilitate the investment, the board will provide information about locations and connect the Chinese investors to Indonesian partners.
In collaboration with the Bank of China, the BKPM is promoting Indonesia’s business potential to Chinese firms from July 8 to 10.
