Another MoU Signed to Boost British Investment in Indonesia
The United Kingdom further displayed its commitment to increase investment in Indonesia by signing on Tuesday another memorandum of understanding to strengthen ties between the two nations.
The British Chamber of Commerce in Indonesia (BritCham Indonesia) signed an MoU with the Indonesian Chamber of Commerce and Industry (Kadin) to boost investment in West Java.
"We aim to match up Indonesian businesses with UK businesses, to escalate awareness of investment opportunities in West Java and we are already planning activities in our UK visit calendar in 2016 to support this objective," BritCham chairman Adrian Short said in a statement.
BritCham's engagement with West Java began in January when the chamber of commerce sponsored an event in which Mayor Ridwan Kamil revealed his vision for Bandung to Moazzam Malik, the UK ambassador to Indonesia, Asean and Timor-Leste.
BritCham Indonesia signed a similar MoU with the Kadin branch in Surabaya last month.
Both MoUs were made following British Prime Minister David Cameron's visit to Indonesia in July, during which he said many British companies wanted to expand their operations to cities outside Jakarta.
Direct investment from the UK stood at $424.93 million in this year's January-June period, 34.24 percent lower than the $646.18 recorded in the same months of 2014, data from Indonesia's Investment Coordinating Board (BKPM) shows.