Jakarta – Egyptian entrepreneur Omar Tosson and Ahmed Omar Tosson are interested in investing in the agribusiness sector in Indonesia. For this reason, they visited Indonesia, held a number of meetings and checked a number of potential locations for the business.
Indonesian Ambassador to Egypt, Helmy Fauzi, explained that the two Damco Group owners were interested in investing in the agro-industry sector, especially fruit and vegetables. Not only aiming at the Indonesian market, the products will also be exported to the Middle East.
“The visit to Indonesia is to finalize the investment plan, exploring opportunities for leasing agricultural and plantation land and establishing export-import companies,” Helmy said at the Indonesian Embassy in Cairo, last weekend.
Omar Tosson and Ahmed Omar Tosson are Egyptian property entrepreneurs. The Tosson family has several popular properties in Egypt including Technology Mall and El Sallab Mall in Nasr City. Damco also routinely wins tenders for modern market development projects in Egypt.
Ambassador Helmy explained that the Indonesian Embassy in Cairo welcomed the Tosson brothers’ plan to invest in Indonesia. The Indonesian Embassy will facilitate a number of meetings with related parties such as the Indonesian Chamber of Commerce and Industry (Kadin), PT Perkebunan Nusantara (PTPN) III, PTPN VIII, and PT Perusahaan Perdagangan Indonesia (PPI).
To get a complete picture of investing in Indonesia, the Indonesian Embassy in Cairo will also invite the Tosson brothers to meet with the Indonesian Investment Coordinating Board (BKPM), the Ministry of Trade’s Directorate General of National Export Development and the Ministry of Foreign Affairs.
“In addition to getting information about the ins and outs of investment in Indonesia, we hope they can directly meet potential credible partners,” Ambassador Helmy said.
Helmy hopes their business trip can be immediately followed up. He explained, the Tosson brothers wanted to invest in a 10,000-hectare land with a build-operate-transfer (BOT) system. Ambassador Helmy suggested that this investment project be started by utilizing 1,000 hectares of land first.
“In order for the project to be economical in terms of financing, the project should also utilize existing local experts and resources,” suggested Ambassador Helmy.
Trade Attache at the Indonesian Embassy in Cairo Irman Adi Purwanto Moefthi added that the Tosson brothers had taken a serious assessment with PTN. They were interested in exploring the possibility of renting rubber plantation land belonging to PTPN VIII in Jalupang, Subang, West Java.
In addition, they are also interested in renting land and property owned by the Skyland City Project in Bandung, which can be developed into a property and agricultural business area.
“They plan to conduct a further feasibility study, including a survey of experts from Egypt,” Irman said.
In addition to seeing the land, the Tosson brothers are also exploring the possibility of exports and imports A number of products explored for import from Indonesia include frozen shrimp, canned pineapple, canned tuna, paper, rubber and furniture. While the exports of products from Egypt to Indonesia offered include mangoes, pomegranates, oranges, dates and phosphates.
In addition, a number of potential cooperation in the property sector in Indonesia are also discussed
“We will follow up the results of this visit and discuss with Omar and Ahmed upon their return from Indonesia,” said Irman.
According to the Indonesian Embassy in Cairo, during January-September 2018, the value of Egyptian investment in Indonesia amounted to US $ 640,900 for 6 projects. Meanwhile, in the period January-December 2017, the value of Egyptian investment in Indonesia reached US $ 822,700 which was divided into 13 projects.
Egyptian investment in Indonesia is still relatively small compared to Indonesia’s investment in Egypt. Last year, the value of Indonesian investment in Egypt reached US $ 122 million.