Foreign Investors Continue to Come to Karimun

Karimun Free Trade Zone Map

Since President Yudhoyono inaugurated on January 19, 2009, free trade zone in Batam, Bintan and Karimun, Riau Islands (Kepri) Province continued to show progress, although still hobbled due to the incomplete infrastructure and regulation from government.

Investors began to come to invest in import duty-free area, one of them on a Karimun free trade zone (FTZ), dozens of companies both domestic and abroad began to develop their business on land earmarked for investment.

Vice Chairman of BP FTZ Karimun, Muhammad Tahar declare new investors exploring investment opportunities in the region continue to arrive every week. Some of them already have decided to set up business.

Muhammad Tahar that the daily also been Head of the Integrated Licensing and Karimun Regency said, since the free trade zone status was inaugurated President, a number of foreign investors begin to look for investment opportunities in Karimun.

The presence of Italian companies, Saipem Karimun Yard Company operating in Pangke Village, Meral District pioneered so many foreign companies are exploring opportunities to invest.

BP FTZ Karimun recorded about 41 foreign and domestic companies have been operating in the region.

Latest investor is Oiltanking, a German company interested in establishing shelters for oil in Pasir Panjang Village, Meral District.

Oiltanking will absorb a lot of manpower. In addition, the existence of Oiltanking also will accommodate more than 20 companies, sub-contractors who will have a positive impact for the development of business in Karimun regency.

Now, Karimun regency government was fighting for free trade area for the whole list on the island of Karimun Besar, so the multiplier effect of investment growth to be more enjoyed by the community.(Kepri Online Daily/Kabar Kepri)

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