Padang Trade Mission and Tourism Promotion Report
It was a historic day for Padang, West Sumatera, Republic Of Indonesia, when the City Mayor of Padang, His Excellency Dr H. Fauzi Bahar, M.Si. has launched his Vision 2028 to become a new developing countries in ASEAN regions. And with his 5 Keys Formula launched 0n 4 th. August 2009 at Hotel Pengeran Ball Room Hall attendedby more then 300 international and domestic delegates witnessing the launching ceremony hosted by the local government of Padang, from 3-7 August 2009.
The international delegates comprised of investors from Dubai UAE, Qatar, India, Brunei and Malaysia was very happy and confident with what Padang has to offer has bring the confident to foreign Investment interest to invest in The City of Padang at West Sumatera Indonesia with the City Mayor 5 keys Factors has really attractive the delegates to invest in Padang City .therefore 127 International delegates has come to Padang City on 3rd. To 7th. August 2009 has coming to Padang City to witness Padang Vision 2028 in conjunction with Padang City Celebration of 340 year anniversary of Padang City, as special honourable guest by the Padang City Government on Trade Mission and Tourism Promotion Invitation lead by Dr H. Azmy Morsidi the Economic Advisor and Investment Consultant to The City Mayor and The Government of Padang West Sumatera Indonesia.
On the Launching day of the Vision 2028, His Excellency The City Mayor Speech has offered his 5 keys Formula of reason “ Why Foreign Investors Should Invest in Padang City?.
- With liberal economics system, the government of Padang is offering the Transparency, Effectiveness and Tolerances, No Red Tape and No Bureaucracy.
- No Corporate Tax or No Income Tax, up to 65 year Tax Holidays and extendable for additional 75 years.
- It also offers 20 strategies of development Master Plan for his International Mixed Development to develop Mount of Padang I & II vision , that offer a Freehold Land and for Properties Investment Up to 75 years land lease and extendable up to another 75 years with Resident Visa Package .
- The new destination to the world’s global FDI investors to choose. 100% tax free incentive offered on any investment above 1 billion rupiah and accordingly to capital Investment Invest by Investors offered to the investors
- Fair Judicial System, Tolerant of investment Law and regulation, Freedom of Speech, Freedom of Create, Friendly and welcoming Community.
This trade Mission visit was successful sign 5 agreements to develop 5-Star and 4 and 5 Star hotels , International Integrated Mixed development , International 5 stars hotel Resident marina and resorts has been signed. In addition to that, 4 letters of intent to built integrated ware house and Integrated halal hub centre at Free Duty and Free Trade zone ( FTR) area located at Teluk Bungus International extension of Port project area has been signed as well.
On the trade mission visit delegate has visited the Padang Cement factory a 3 largest cement a 100 year of cement Factory with the capacities of production up to 6.0 million Metric Tones and with the new factory capacity completion by 2010 Up to 11.0 Million Metric Tones production of Cement per years production.
Delegates seen there is a room for Importers or exporters Padang Cement Product export and joint ventures in promoting of the cement Padang technology to new player will be considered by the management of Padang cement near futures ventures.
Delegates is also visited the site for the Marina resort at Pasir Jambak Integrated Development 5 star Resort and International resident Location, which is Interest the Qatari Investor the Bravura Group present by his General Manager Mr Ahmad Abdel Razek and Mr Dev Harimaran . 127 Delegates also visiting the Integrated Fisheries a Tuna Fish factory .
And also on the last day visit the Padang Aviation management office at The Minangkabau International Airport on the 5 years Expansion Plan of the Minangkabau airport brief by Mr. H. Agus Kemal the General Manager of the airport management Angkasa Pura II group. The delegate has been brief by the GM on the Integrated business spin off business opportunities offered eg: International 5 stars Hotel and apartment, Free Duty and Free Zones, Shopping Mall, Restaurant, and Ground Handling Business Spin Of Business and etc….
To date, All delegates from Qatar , Dubai, Britain, Malaysia and Negara Brunei Darussalam will be coming back to Padang after Eid celebration to materializing their agreement and many investors from others part of the world will comes to Padang City for the 5 keys reason to invest in Padang City as their new Investment opportunities destination in this Asian regions.
Overall of the mission has bring a confident of the peoples that will provide business and Employment opportunities for local prospers and hope .
Padang City Mayor has his own 5 keys Formula as a solution to stimulate the economic growth during current world economic crisis as his government strategies to becomes developing City in next 30 years.
Mission reported by Media Teams of Dr. H. Azmy Morsidi The Economic Advisor and Investment Consultant to The City Mayor of Padang Government West Sumatera Indonesia.
Shamsol Yazlie Yaacob