Italy to increase investment in Indonesia by 10 percent
Italy-Indonesia investment relationship | Enrico Letta is targeting a 10 percent increase in investment in Indonesia, considering that the bilateral trade value had reached US$2.5 billion last year. Letta pointed out that Italian trade and investment cooperation in Indonesia has huge potential.
Based on data from the Investment Coordinating Board in 2016, Italian investment in #Indonesia had only reached $26.7 million or ranked 29th in terms of foreign investment. In the first quarter of 2017, Italy’s ranking rose to 25th, with an investment value of $11.34 million.
“Some 450 companies from Italy have invested in Southeast Asia. The companies are ready to increase their Italy-Indonesia investment level” Minister Letta remarked.
“We expect to increase investment by at least 10 percent this year. Our focus is on the aviation, infrastructure, food processing, energy, and pharmaceuticals (sectors),” Former Italian prime minister Letta stated on the sidelines of the High-Level Dialogue on #ASEAN–#Italy Economic Relations here on Tuesday.