29 Mar 2024
Sunday 25 June 2017 - 14:55
Story Code : 266001

Iranian companies actively present in Indonesia: Official

June 25, The Iran Project - Indonesia's Investment Coordinating Board (BKPM) has reportedly announced that Iranian companies and businessmen have implemented 25 investment projects worth $ 25.6 million in Indonesia in the years 2016 and 2017.

Iran'sCommercial Attach toIndonesia AnvarKamari said on Sunday that these projects were mainly in the sectors of general trade and repair, transportation and warehousing, chemical and pharmaceutical industries, hotels and restaurants, and metal industries.

The statistics show that from 2008 to 2014, on average Iranian companies and merchants run three projects worth a million dollars each year, in 2015, they did not implemented any plan. In 2016, 16 projects with a capital equivalent of $ 14.3 million were launched and in the first four months of 2017, 9 plans worth $ 11.3 million have been implemented, Kamari explained.

To stay in Indonesias market, Iran needs to have strong physical presence in the country and active interaction with Indonesian economists, he said, adding to do so, we should register agency or company in Jakarta, actively participate in the exhibitions, and invest in the countrys various sectors of transportation and warehousing, oil industries, chemical and pharmaceutical industries, etc.

Indonesia with a population of about 260 million people has a large consumer market anda high potential for the Iranian companies' presence in its market.
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