US Investment Concentrated in Electricty Sector

Sonya Michaella    •    15 September 2016 18:02 WIB
US Investment Concentrated in Electricty Sector
BKPM head Thomas Lembong (Photo: Antara/Sigid Kurniawan), Jakarta: Investment Coordinating Board (BKPM) head Thomas Lembong said United states (US) investment in Indonesia is mostly concentrated in electricity sector.

"Electricity sector is the most favorite sector," he said here on Thursday (9/15/2016).

"Others are heavy machinery, energy and automotive sectors," he added.

The government revised its negative investment list early this year. It opened more sectors to foreign investors.

"Including lifestyle, e-commerce and entertainment industries," he stated.

President Joko Widodo visited Silicon valley last February. He urged US technology companies to help develop e-commerce industry in the country.