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China to Invest US$1 Billion in Fishery Sector
Friday, 09 September, 2005 | 11:27 WIB

TEMPO Interactive, Jakarta:Chinese businessmen have made a commitment to invest in the fishery sector in Indonesia.

“Total investment will amount to US$1 billion,” said Freddy Numberi, Minister of Fisheries and Maritime Affairs, at his office on Thursday (08/09).

Assurances regarding the investment were made during a recent visit made by Numberi to the People’s Republic of China (PRC) together with Vice President Jusuf Kalla.

Investment amounting to US$200 million will be made in Merauke, US$300 million in Terrnate and US$300 in Tual, with the remainder in other regions.

Numberi said that the cooperation made by the Chinese and Indonesian governments had not fully benefited
Indonesia up to now, as only issued licenses for fishing in Indonesia.

The fish are then exported abroad.

With foreign investment in the fishery sector, fish will be processed in Indonesia. (Sutarto-Tempo News Room)