DENPASAR ~

Head of Investment and Licensing Department of Bali, Ida Bagus Made Parwata said a number of foreign investors to the first three months of/ 2015, has set up their capital reached IDR13 trillion to be invested in the island.

“In general, for the first quarter, permits that is issued by the Investment Coordinating Board of Indonesia related to foreign direct investment (FDI) in Bali reached IDR13 trillion,” said Parwata, in Denpasar on Sunday.

“The most sectors in demand are still in the tertiary sector, especially the tourism sector and the majority of investment plan for the development of marine tourism such as diving and surfing,” he said.

So far, added Parwata, the European countries and Australia still dominate the equity ownership of the development plan of the investment value.

“Indeed, from the planned investment of IDR13 trillion, it is not necessarily to be realized all this year because the license principle applies to three years. Even the permit can be extended.

Parwata pointed out to investors from China that are generally quick in making a commitment, but its realization is not necessarily fast as they actually calculate the benefits of investment made in Indonesia.

“Especially for Bali, the investment is expected come to infrastructure sector such as roads and water supply, because the availability of infrastructure is very influential on the intentions of the other investors,” he said.

According to the Law on Investment, he added, if the actual foreign investors willing to invest in Indonesia, they will be given incentives. But investors tend to choose adequate infrastructure, rather than being given incentives.

“One of the magnets to invest in southern Bali is the infrastructure, if only in northern Bali there are highways and airports, definitely there will be many investments there,” said Parwata.