Four investors ready to enter Aceh

pancacitaBanda Aceh – Four investors have been confirmed to invest in Aceh in 2010, according to the head of Aceh Promotion and Investment Agency, Anwar Muhammad, here on Saturday.

“Two of the four investors are from abroad and they will cooperate with local companies and start investing in 2010,” he said.

A company from China, he said, would start investing in the field of fishery namely fishing in the Aceh Besar and Sabang waters.

The company will also set up a processing industry to make the fishery product a prime export of the region.

Anwar said Aceh Besar in a near future will also set up a steel construction company with an investment of up to around Rp50 billion.

“That will become a national steel construction industry which will cooperate with a local company,” he said.

He said a Malaysian company had also committed to investing in the agricultural sector in the region this year.

“The Malaysian investor will develop cacao plantations in Pidies and Pidie Jaya,” he said.

A Korean investment meanwhile will invest in mined products in the province`s western and southern coastal areas,” he said.

Anwar said his office keep promoting the region`s investment potentials among national as well as international businessmen.

“We have done all that because the potential is huge while Aceh`s location is strategic with regard to international trade lanes,” he said.

Source: ANTARA News