Indonesia to open up more sectors to foreign investment
Indonesia’s Committee for Acceleration of Infrastructure Provision Priority (KPPIP) has determined 30 priority projects to receive further supervision until 2019, according to local media reports. The 30 projects include three refinery projects, Bontang Oil Refinery, RDMP/Existing Refinery Revitalization and the Tuban Oil Refinery.
In 2015, investments climbed 3% while Indonesia’s economy grew 4.79%, the slowest annual growth rate since 2009. Meanwhile, foreign direct investments rose 7% on a quarterly basis in the October-December period.
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