Indonesia and Turkey agreed US$520 million or Rp6.9 trillion investments last week, the Investment Coordinating Board chairman Thomas Lembong said. The agreement includes cooperation in the field of energy and air transport, according to Thomas. “State-owned PT Perkapalan Indonesia has agreed US$320 million deal with Karadeniz Holding,” Thomas said last week.

The remaining US$200 was agreed between state-owned aircraft maker PT Dirgantara Indonesia and Turkish Aerospace Industry. In addition, a deal to develop 80 megawatts power plant was made. Power ships will be deployed in remote areas across Indonesia, according to Thomas.

In the field of aerospace, the agreement covers three issues which include the marketing of PT Dirgantara’s N219 aircraft. Turkish Aerospace Industry will also build N245 aircraft with its Indonesia counterpart and market the product in Southeast Asia.

During his visit to Turkey, President Joko Widodo also agreed with the Turkish government that the Health Ministry and Trade Ministry will present their respective products under the framework of Indonesia-Turkey Comprehensive Economic Partnership Agreement.

Thomas did not deny the lack of investment between Indonesia and Turkey. Turkish private firms only invest US$100,000 in nine projects in the first quarter of 2017.

source: TEMPO.CO