ASIA
“ I admire the drive of the President . His attempts to encourage and lead are admirable and there are a lot of foreign companies from Asia , Europe and the USA that are very enthusiastic and want to find opportunities to invest ”
– Peter Fagan , Vice President of Southeast Asia Operations , Hill International
“ Things that were taking three to six months for approvals are now reportedly happening within days to weeks ,” he said . “ The most fruitful opportunity for us will be with foreign companies which are doing business here and with Indonesian companies that already operate in overseas locations because they understand compliance to legislation like the UK Bribery Act .”
Optimism Indonesia ’ s middle class , a group which is set to double to 150 million by 2020 , is key to pressing the demand for goods and services which will stimulate investment and provide work for the millions of under and unemployed .
Young , tech-savvy and interested in international brands , international surveys have shown Indonesians are receptive to advertising and eager to try new ideas . It is already the world ’ s second largest Facebook market and fifth largest on Twitter .
If the current government presses ahead with the recommendations set out by the Economic Choices paper , the country could experience growth double that of the present day .
Fagan concluded : “ I admire the drive of the President . His attempts to encourage and lead are admirable and there are a lot of foreign companies from Asia , Europe and the USA that are very enthusiastic and want to find opportunities to invest .”
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