11 US Investors Will Open Business in Batam

Maaruf continued, the transition of American investment to Batam would be welcomed.

But it is hoped there will also be a welcome from Batam city government by providing licensing facilities.

"The government should also be able to provide legal certainty. We must protect foreign investment together," he said.

Previously, Maaruf also acknowledged the signing of collaboration between US investors, QPAC and PT OOK Perkasa together with Indonesian Chamber of Commerce and Industry.

US company officially invests in Batam, Riau Islands with an investment of around USD 50 million.

The company produces Stretch Film, Duct Tape, Insulation and Adhesive Tape.

All products made in Batam are then exported to America.

The signing of this investment cooperation was also attended by BKPM and Indonesia Trade Promotion Center with Martina Anggelika from LA, USA.

QPAC company with PT OOK Perkasa will occupy one of industries or factories in Wiraraja Industrial Park, Kabil, Punggur, Batam City.

For the initial stage, there will be 400-500 people employed in this industry. (tribunbatam.id/Roma Uly Sianturi)

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