China Great Wall Group Holdings Company Limited and the provincial administration have signed a memorandum of understanding to invest in natural resources.
The MoU was signed by Southeast Sulawesi Governor Ali Mazi and a director of the Chinese company at the office of the governor on Monday.
Governor Ali Mazi appreciated the plan of the Chinese investor to do business in the province.
"Certainly we welcome the plan. Hopefully the cooperation would contribute to the welfare of the two countries, the governor said.
Deputy Governor Lukman Abunawas said the cooperation include in the energy sector, mining sector, maritime and fishery, agriculture/plantation, tourism and forestry.
"Certainly, initial investment of Rp3 trillion, could contribute to development of natural resources in the province for the welfare of the people," Abunawas said.
He said the investment would have positive impact on economic development in the region.
He said Indonesians such as former Maritime and Fishery Minister Rokhmin Dahuri and Agum Gumelar, now member of the Presidential Advisory Council would be among the members of the board of commissioners of the company to ensure control of the investment.
Head of the Bureau of Cooperation and Public Communications at the secretariat of the regional administration, Harmin Ramba, said implementation of the MoU would mark the start of investment in various potential sectors in Southeast Sulawesi.
"Perhaps they would focus first on mineral resource energy, after that on the maritime and fishery sector, tourism, agriculture/plantation and forestry sectors," Ramba said.
He said the MoU is a basis of cooperation in investment.
"We have taken initial steps with the MoU. We only need to wait for realization in any of the sectors," he said.
Reporting by Suparman (T.SYS/C/H-ASG/C/B003)