Malaysians Get Indonesia's Invite To Invest In Economic Corridors

KUALA LUMPUR, Nov 25 (Bernama) -- Indonesia has invited Malaysian investors to tap into the opportunities offered by the development of its economic corridors, especially in infrastructure development. The head of public communication and promotion division of the Committee for Acceleration and Expansion of Indonesia Economic Development, Edib Muslim, said the economic corridors' infrastructure development up to 2014 was estimated to reach RM1.4 trillion. (US$1=RM3.18) "Road alone is estimated to cost RM120 billion, while airport and seaport will need around RM11.33 million and RM41.45 million respectively," he told reporters after the Indonesian Business Update Seminar, themed 'Identifying Opportunities in the Indonesian Market', here on Friday. The economic corridors -- Sumatera, Java, Kalimantan, Sulawesi, Bali-Nusa Tenggara and Papua-Maluku -- focus on 22 economic areas, including timber, shipping and food and agriculture. Edib said the development of the economic corridors was in line with the country's vision to become the 10th largest economy in the world by 2025 with a total gross domestic product of RM13.7 trillion and per capita income of RM47,000. "The country also aimed to position itself as one of the world's main food suppliers, as well as centre for agricultural, fishery, natural resources and global logistics by the same year," he said. -- BERNAMA Malaysia