Source: Islamic Corporation for the Development of the Private Sector (ICD) |

West Java Investor Forum

Think Investment, Think West Java

This forum is part of ICD's long-term commitment to the economic development of Indonesia and our member countries

JEDDAH, Kingdom of Saudi Arabia, October 8, 2017/APO/ --

With a population density of 47 million people, economic growth above the national, quality human resources, the most complete infrastructure and also the center of the industrial sector in Indonesia, making West Java as one of the provinces that offers the greatest investment opportunities in Indonesia, manufacturing, construction, agriculture to tourism. In connection with this, as one of the Regional Investor Relation Unit (RIRU) manifestations, the Representative Office of Bank Indonesia West Java Province (KPWBI West Java Province) together with the West Java Provincial Government incorporated in West Java Incorporated (WJI) Forum continues to increase synergy in order to boost investment sector, competitiveness and economic growth in West Java.

To optimize the potential of such investment KPWBI Prov. Jabar and the West Java Provincial Government in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (, which is part of the Islamic Development Bank (IDB), and IDB Group Business Forum “THIQAH” holds West Java Investor Forum (WJIF) on 6 October 2017 held at Gedung Sate, Bandung City. This activity is a communication/ coordination platform between West Java Provincial Government, Investment Coordinating Board (BKPM), IDB, and investor of IDB partners to increase investment, both foreign and domestic in West Java. The event is attended by ± 100 potential investors from the Middle East, ASEAN and several other countries.

The event attended by the Vice Governor of West Java, Mr. Deddy Mizwar; Mr. Khaled Al Aboodi - Chief Executive Officer (CEO) of ICD; and Dr. Alwi Shihab - as the special envoy of the President of the Republic of Indonesia for Middle Eastern countries and member countries of the Organization for Islamic Cooperation (OIC); Head of Representative Office of Bank Indonesia West Java Province, Wiwiek Sisto Widayat and several other stakeholders, presented several major investment opportunities in West Java such as railway development project (LRT Bandung Metropolitan Area and Tanjungsari-Kertajati-Arjawinangun railway line); international port development projects (Cirebon port and Indonesia Halal Hub Logistics); airport development project (International Airport West Java-BIJB and Nusawiru Airport in Pangandaran); Industrial Area (Bekasi Industrial Zone and Suryacipta City Industrial Area) as well as several other development projects such as Cirebon Raya Clean Water Supply, Legok Nangka Solid Waste Treatment and Disposal, Mini Cyclone Power Plant (PTLM) Cikembang and Tourism Area (Hotel, Restaurant and facilities, other supporters) in Geopark Ciletuh. In addition to that, local tea products (Mimi Tea and Tea Walini) and local coffee (Gunung Puntang) with export quality are also showcased.

In his speech, the Vice Governor of West Java conveyed about the implementation of 3-Hours Investment Licensing Service where investors can obtain permit for investment project development in industrial area within 3 hours. The implementation of the policy is one of the efforts of the Regional Government to further increase investment in West Java.

Meanwhile, the CEO of ICD said,“We are excited to work with Bank Indonesia in organizing this West Java Investor Forum. We hope this forum will become a strategic platform to connect potential investors with policy makers, business leaders and partners to discuss not only the potential investment in West Java, but also related challenges and experience in related industries. Moreover, this forum is part of ICD's long-term commitment to the economic development of Indonesia and our member countries.”

In this activity, a panel discussion is also held, which is divided into two sessions. First, themed “Doing Business With West Java” which presents 3 (three) speakers namely Himawan Hariyoga, as the Deputy

of Investment Promotion Coordinating Board of Investment Coordinating Board (BKPM) of the Republic of Indonesia which presents Investment Opportunities in Indonesia; Wiwiek Sisto Widayat, Chief Representative of Bank Indonesia West Java Province presents Macroeconomic and Financial Condition in West Java; and Dadang M. Masoem, Head of Investment Office and One Stop Integrated Service (DPMPTSP) of West Java Province, presented an Opportunity, Policy and Ease of Investment in West Java. The second panel discussion session is themed “Investment Opportunities in West Java”. In this session 3 (three) speakers are also presented, who are also project investment owner related to BIJB; Cikembang Mini Water Power Plant (PLTM); and Waste Management in Legok Jackfruit. In closing the series of WJIF events, on October 7, 2017, potential investors follow the on site visit to West Java International Airport in Majalengka.

Hopefully, this event will result in the agreement on the development of several leading investment projects of West Java in order to encourage economic growth of West Java significantly.

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

For further information, please contact:
Ahmed A Khalid
Regional Head- Asia
Islamic Corporation for the Development of the Private Sector
Kuala Lumpur Regional Office
E-mail: Website:
Kennedy, Voice & Berliner PR Firm

Sirly W. Nasir, Associate Account Director
M: +62 815 1606 021

Andry Hartanto, Junior Consultant
M: +62 81280991101

Floura Prawira Lesmana, Junior Consultant
M: +62812 8577 0989

About the Islamic Development Bank (IDB) Group:
IDB ( is an international financial institution established to encourage economic development and social progress of member countries in accordance with the principles of sharia. The function of the Bank is to participate in equity capital and grant loans for projects and productive companies in addition to providing financial assistance. (

About The Islamic Corporation for the Development of the Private Sector “ICD”:
ICD ( provides equity services, debt financing and financial services in accordance with Islamic banking and finance principles. ICD-funded projects are selected based on their contribution to economic development (

About IDB Group Business Forum (THIQAH):
IDB Group Business Forum - THIQAH ( is a premier window that acts as an enabler and plays a facilitation and catalyst role to connect private sector institutions in IDBG member countries. THIQAH's ultimate goal is to build a unique and innovative platform for dialogue, cooperation and inclusive
partnerships for business leaders committed to partnerships in promising investment opportunities. THIQAH's vision is to position itself as the core business platform of IDB Group serving the private sector in member countries and maximizing the achievement of successful investment projects. The main focus is maximizing cross-border investment among IDB Group member countries, with the support of IDB Group financial products and services (