Jakarta, IORA – Investment Coordinating Board has noted the investment of IORA member states raises by, on average, 13.4 percent over the past five years.
In Jakarta, on Monday, the Head of BKPM Thomas Trikasih Lembong said that the increase of positive trend in investment during 2012-2016 showed the development of south-south economic cooperation.
“So far, the pattern is rich countries invest in developing countries. However, since services as well as financial sectors of developing and poor countries show a good progress, it stimulates investment amongst developing countries,” he said. BKPM has noted that tertiary sector gives the biggest contribution to the positive trend in IORA member states investment.
In 2016, the increase of investment of IORA member states reached 21.6 percent with value of investment worth US$ 11.67 billion, whereas in 2015, the value was US$ 9.5 billion.
According to Tom, Thomas’ nickname, the biggest five contributors of investment realization are Singapore, Malaysia, Mauritania, Australia, and Thailand.
“We hope other IORA member states can more increase their investments in other member states to enhance south-south cooperation,” he said.
The investment of IORA member states during 2012-2016 showed a positive trend. In 2012, investment of IORA member states reached US$ 7.5 billion, and then decreased to US$ 6.6 billion in 2013. In 2014, the value rose to US$ 9.2 billion and slightly rose to US$ 9.5 billion in 2015. Meanwhile, in 2016, the figure rose to US$ 11.6 billion. “In the future, I hope investment of IORA member states will continue to increase,: Tom said.
He also stated this IORA Summit is special because there are a lot of developed countries participating in the event.
IORA consists of 21 member states, such as, among others, Australia, Bangladesh, Comoros, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritania, Mozambique, Oman, Seychelles, Singapore, Somalia, South Africa, Sri Lanka, Tanzania, Thailand, United Arab Emirates, and Yemen.
Indonesia, the Chairman of IORA for 2015-2017 periods, is the host of IORA Summit held on March 5-7, 2017, at the Jakarta Convention Center. (Ade Irma Junaida/Translator: Mia)