Investing in Aceh - Part 1
3 Comments Published by Muhammad Rizqi Siregar on Wednesday, June 28, 2006 at 3:09 PM.
Enterpreneurs seek opportunities. If they can't find any, they make one.
- Anonymous
More than a year has passed since the tsunami struck coastal areas of Aceh. So many things were damaged, lost of infrastructures, uprooted community. Acehnese people wellbeing was in danger, their lives were shattered. However, we'd never let our brothers and sisters walk alone, would we?
The response from International community were amazing. I remember one of my colleagues in Aceh said, "I have been in many humanitarian responses before, but I've never seen so many organizations like today in Aceh." That's true. First few months were very busy with tsunami relief operation. You could easily spot trucks of National Army (I can't forget one with a doll in front of the truck and tagging written in large fonts "Hantu Laut" - sea ghost) carried dead bodies in body bags, UN and NGOs vehicles, as well as helicopters to transport goods to remote areas. So many people with so many resources, poised to rehabilitate the massive damage.
To date, the response has shifted from merely humanitarian response to recovery and rehabilitation. Some investors have seen opportunities in certain regions and the executions are only about the time.
Aceh is known to have many potentials. I can name some here: its rich natural resources i.e. natural gas, uranium, timber, potential location of seaports and so forth in addition to recent fast growing economic (though it's much affected by the rise in household income due to quick revolving money from aiding organizations). However, it's lacking of human resources and regulations.
Obviously, Aceh has complexity of problems. It was also the area of conflicts for more than two decades. It won't be too surprising if the Government doesn't function appropriately, thus regulations required to safeguard investments are not in place.
Now, there may be some questions arise:
The response from International community were amazing. I remember one of my colleagues in Aceh said, "I have been in many humanitarian responses before, but I've never seen so many organizations like today in Aceh." That's true. First few months were very busy with tsunami relief operation. You could easily spot trucks of National Army (I can't forget one with a doll in front of the truck and tagging written in large fonts "Hantu Laut" - sea ghost) carried dead bodies in body bags, UN and NGOs vehicles, as well as helicopters to transport goods to remote areas. So many people with so many resources, poised to rehabilitate the massive damage.
To date, the response has shifted from merely humanitarian response to recovery and rehabilitation. Some investors have seen opportunities in certain regions and the executions are only about the time.
Aceh is known to have many potentials. I can name some here: its rich natural resources i.e. natural gas, uranium, timber, potential location of seaports and so forth in addition to recent fast growing economic (though it's much affected by the rise in household income due to quick revolving money from aiding organizations). However, it's lacking of human resources and regulations.
Obviously, Aceh has complexity of problems. It was also the area of conflicts for more than two decades. It won't be too surprising if the Government doesn't function appropriately, thus regulations required to safeguard investments are not in place.
Now, there may be some questions arise:
- Is it beneficial to invest in Aceh? In which sectors? Which regions?
- Regarding the regulations, what types of interventions can be done by investors?
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Maximum people they want to invest their fund in proper place.Many of us have lost in the quest of quick fortune. Who don't want to enjoy easy money, with less work, less time and at home? Unfortunately, many of these offers are fraud.investment should be used in proper places.
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