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W. Nusa Tenggara invites Italy to develop Mandalika Economic Zone

Mataram (ANTARA News) – The provincial administration of West Nusa Tenggara has invited Italian investors to develop the Mandalika Special Economic Zone (SEZ) in the Central Lombok district, Governor TGH M Zainul Majdi said.

The Governor revealed this while speaking at the Indonesia Investment Day 2015 Forum, a press release received by ANTARA News on Friday pointed out.

“This forum is very important for promotion, as well as accelerating the development of the Mandalika SEZ,” the Governor Majdi said.

The Indonesia Investment Day 2015 event was attended by the Vice Minister of Foreign Affairs and International Cooperation of Italy, and the Italian Trade Agency (ITA) with 200 members, who are investors worldwide.

The Governor said the event, held in the city of Milan, has strategic value because it can promote the potential of and investment opportunities in West Nusa Tenggara, particularly in the Mandalika SEZ.

The Head of the Investment Coordinating Board and the Integrated Licensing of West Nusa Tenggara, Ridwansyah explained that various sectors, such as tourism, trade, industry and real-estate could attract potential investment from the Italian and European investors.

“The total investment of the European countries in the province in the first half of 2015 amounted to US$ 90.6 million, most of it coming from Italy, the Netherlands, France, England, Germany, Belgium and others,” Ridwansyah noted.

The Head of the Provincial Industry and Trade office, Husni Fahri said trade relations between West Nusa Tenggara and Europe have been longstanding.

Various commodities are exported to Europe, to countries, such as England, Germany, Switzerland, Netherlands, France, Belgium, Hungary and Italy, including pottery, pearls, woven grass, wood crafts, woven fabric, dried fruit, lobster, grouper and shrimp.

“Until July 2015, the total value of exports from the province to Europe was pegged at US$ 69.7 million, up significantly from 2014, when it was estimated to be US$ 62.06 million,” he added.

Source: www.antaranews.com, Friday 11 September 2015