MONDAY 27th DECEMBER 2010

Opportunity Unlimited

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Business Birmingham welcomes a party of Indonesian delegates to Birmingham to showcase its potential as an investment destination.

To complete a busy few months for Business Birmingham, the team welcomed a party of Indonesian delegates to Birmingham to showcase its potential as an investment destination.

Members from the Regional Investment Board of South Sumatera Province and the Investment Coordinating Board of the Republic of Indonesia (BKPM), whose roles are to boost domestic and foreign direct investment, came to Birmingham as part of a four-day stay in the UK. The delegates visited the city to learn about its sector strengths and business environment, as well as its recently launched inward investment programme, Business Birmingham.

Indonesia, with the fourth highest population in the world, has a prosperous economy which continues to defy the current global financial crisis, with many of its key businesses now looking at growth options. Indonesia is also one of UK Trade & Investment’s (UKTI) seventeen High Growth Markets – with UK exports to Indonesia totalling £350 million in 2009, there is a significant opportunity for the UK to increase its trading relationship with this prosperous country.

Neil Rami, head of Business Birmingham, commented:

Indonesia is a country with a growing economy in a fluctuating global marketplace. There is now clear potential for its business investors to look abroad for strong markets in which they can expand. Asia is a key target for our inward investment drive and our meeting with the delegation helped us to understand their market, its needs and to develop relationships that may benefit Birmingham in the future.

Since its launch in October, Business Birmingham has focused on attracting investment from key markets, hosting the India SME Manufacturing Event at Birmingham’s Council House and welcoming industry representatives from Taiwan.