Indonesia

Korean investor wins permit for Papua food estate

As many foreign and local investor are seeking to win a license to invest in the giant agriculture project in Papua, Indonesia, one unnamed South Korean investor has obtained a permit. Mitsubishi is also bidding. Binladin Group has been rejected.

Papua food estate faces land-use tangles: Kadin

Indonesian Chamber of Commerce and Industry warns that the government’s plan to develop a major food estate in Merauke, Papua, may run into difficulties because confusing and overlapping land use regulations will deter investors.