TUESDAY, 30 MAY 2017 I N D O N E S I A 13.00 - 14.00 U P D A T E : W E S T Avenue de Tervuren 294, 1150 Brussels S U M A T R A Organized by Indonesian Embassy in Brussel B U S I N E S S O P P O R T U N I T I E S
ABOUT WEST SUMATRA
West Sumatra is the heartland of the matriarchal Minangkabau, an intelligent, culturally rich and politically savvy people who have successfully exported their culture, language, cuisine and beliefs throughout Indonesia and whose soaring architecture dominates the cities and villages. The Province is subdivided into 12 regencies and 7 autonomous cities and lives by around 5 million people. The province is served by Minangkabau International Airport, opened in July 2005, 23 km north-west of Padang in Ketaping, Padang Pariaman regency. The airport has direct international services to Kuala Lumpur in Malaysia, as well as servicing most large cities in Indonesia.
ECONOMY OF WEST SUMATRA
According to data from the provincial statistical bureau in year of 2016 economic activities of West Sumatra still dominated by agricultural sector (24,4 %), trade (16 %), services (13 %), transport and warehouse (12%), processing industry (11%) and construction (9,6%). Plantation industry is the main contributor to the Domestic Product and its economic activities. Palm oil industry is the biggest player in the sector including its processing industry. Natural rubber is also the flagship product of this province; they produce 119.269 tons in 2016 . West Sumatra agro-based export commodities from April 2016- April 2017 is dominantly to India (35, 20%), US (22%) and Singapore (9,74%) with vegetable and animal fat including rubber and rubber products as priority export commodities (203.85 million US$). Outside the agro-based industries, the mining sector also promises a great potential with large deposits of coal in the two districts of the province. West Sumatra has a direct border with the Indian Ocean with length of coast about 2420 km, covering an area of 186.500 km square waters territory. This provide strong potential of the fishing industry and sea tourism particularly in coastal area surrounding to Mentawai Islands which is not well managed yet.
OPPORTUNITY
The Government of West Sumatra invites business sector in Belgium to tap the opportunities of investment and business cooperation in renewable energy (geothermal), tourism and fishery sector. To receive further updates on Indonesia's current economic development including West Sumatra potential sectors, come to the presentation on 30 May 2017 RSVP to [email protected]