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Manado (2005-2008), US$ 174.6 was invested by foreign investment

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To increase the economic growth, the local government of North Sulawesi provincial (Manado) was approved almost 42 foreign investment projects since 2005 till 2008. 

According to Ridwan Zees as a Head of the Program Development Unit at the North Sulawesi Regional Investment and Cooperation Coordination Board (BKPMKR), currently the foreign investment was interest to invest the projects were mostly engaged in the fishery and tourism sectors. 

From the total around 55 foreign investment proposal worht US$ 272.4 million since 2005 till 2008, the government of North Sulawesi was approved only 42 of them.    

The amount of foreign investment in the province of North Sulawesi was reached US$ 174.6, there are consist of US$ 54.6 million with 18 projects in 2005, US$ 46.3 million with 13 projects in 2006, US$ 65.9 million with 8 projects in 2007 and US$ 7.8 million with 3 projects in 2008 (www.antara.co.id). 

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