Thursday, 24 August 2023 03:36

Investment Potential of North Kalimantan Exceeds IDR 10 Trillion

The market value of investment potential in North Kalimantan has reached over IDR 10 trillion, according to data contained in 17 Investment Project Ready to Offer (I-PRO) documents that have been compiled. These I-PROs cover various sectors, namely infrastructure, food security, agriculture, downstream industries, tourism, energy, and green industrial zones stated by the Head of the North Kalimantan Investment and Integrated Service Agency (DPMPTSP). These I-PROs consist of investment and business opportunities with market value and unique value propositions, technical location readiness, stakeholder roles, market strategies, and analysis. Also, the project's financial planning, profit estimations, return on investment, incentive schemes, and risk analysis. North Kalimantan is situated along the Indonesian Archipelagic Sea Lanes (ALKI) II, facing the Pacific Ocean directly and this is certainly promising for North Kalimantan's economic growth.  Based on projections, the state and regional revenues from ALKI II could potentially reach USD 1.5 million per day. During the 'Kaltara Investment Forum 2023' held recently in Tarakan City, agreements were signed between investors and local vendors in North Kalimantan.
 
This collaboration reflects the commitment to promote partnership models between large businesses and micro, small, and medium-sized enterprises (MSMEs) in accordance with the Minister of Investment Regulation or Perka BKPM RI Number 1 of 2022. The North Kalimantan DPMPTSP has recorded several investment potentials in this province. One of them is the 9,000 Megawatt Hydroelectric Power Plant (PLTA) in Sungai Kayan, Bulungan Regency. Moreover, there is an investment in the Mentarang Induk Hydroelectric Power Plant in Malinau Regency. Also, the International Industrial and Port Zone (now known as the Indonesian Green Industrial Zone/KIHI) is a National Strategic Project with a target land area of 30,000 hectares (Ha). Furthermore, promising investment potentials exist in sectors such as marine fisheries, seaweed, oil and natural gas mining, coal, as well as agricultural and plantation sectors like cocoa, rice, and palm.

Source: https://m.antaranews.com/amp/berita/3690564/nilai-potensi-investasi-kalimantan-utara-lebih-rp10-triliun

 

 

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