The local government of Riau Island Province to day preparing to realize the investment law, we call FTZ and Free Port law. Inside, will build the new authority body. To day, in Batam Island, we have the Batam Industrial Development Authority (BIDA). Next, BIDA will change the name. The new name is Development Zone Body.
As we know, BIDA had build Batam Island after 37 years. Starting from the jungle, until more 1 thousands of foreign investment company are existing in Batam Island today. Also, more than US$ 5 billions foreign investments are investing. So, if we talk about the development of industrial and economy in Batam Island we can’t forget BIDA.
According to the replacement of BIDA with new body, we can’t talk about the foreign investor trust. After years they making deals with the BIDA officers, they can’t to “transfer” the trust to the others. That why, replacement of BIDA position to the new body is a complex matter. Event local government had discussed about making the new investment body for Karimun and Bintan Island has done, but not for Batam Island.
But, we’re belief that next year this serious matter will be done. May God bless us. (!)
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