North Kalimantan open for business from BIMP-EAGA

National 1 minute, 34 seconds

BANDAR SERI BEGAWAN

NORTH Kalimantan invites investors from the four BIMP-EAGA nations to explore business opportunities in the fisheries industry, said the province’s official last week.

Head of Industry, Trade, Cooperatives and Small-Medium Enterprises (SMEs) Office Haerumuddin said the newly-established province has high potential fisheries resources and is ready for foreign investment.

“The fisheries resources are the dominant economic sector in our territory, therefore with the support of the central government we want to promote it,” said Haerumuddin, who goes by one name, on the sidelines of the recent ‘Flavours of BIMP-EAGA: Culture & Food Expo 2016’ held at Airport Mall in Berakas.

He said some infrastructure projects are underway, while two international seaports namely Tunon Taka and Malundung as well as Juwata International Airport have already been established.

In addition to domestic flights connecting Tarakan City to various destinations in Indonesia, two air carriers serve direct flights to foreign destinations such as Kota Kinabalu, Kuala Lumpur and Singapore.

North Kalimantan borders Malaysia’s Sabah and Sarawak.

“The territory is a province now, no longer regency. It means we can establish bilateral agreements with foreign countries directly,” he said.

The province’s participation in the expo, he said, aimed at promoting their potential resources to the business community who wish to explore investment opportunities within the BIMP-EAGA.

The local government of North Kalimantan has developed an integrated industrial site on a total area of 5,000 hectares, which is also known as International Port Industrial Area (KIPI) of Tanah Kuning, to accommodate investors to operate their businesses.

“We are new comers, this expo is a platform for us to introduce and promote our products,” he said.

In Indonesia, BIMP-EAGA covers 10 provinces on the islands of Kalimantan, Sulawesi, Maluku and Papua. Established in 1994, the Brunei Darussalam, Indonesia, Malaysia and Philippines East ASEAN Growth Area (BIMP-EAGA), aims to increase trade, investment and tourism in the region.

The Brunei Times