Objective statement

The project will assist the BOI with promoting and facilitating private investments in agreed priority sectors (i.e. livestock/dairy, fruits & vegetables, construction materials, renewable energy) as well as unlocking private investment in the development of industrial infrastructure in KRI as follows:

1. Comprehensive mapping and streamlining of the investment licensing process at BOI

2. Building the investment promotion and facilitation capacity of the BOI by assisting the FDI unit to target and generate strategic investments in the priority sectors

3. Support the BOI design and adopt a climate smart and good international practice Special Economic Zones regulatory framework in KRI

Development Impact

 The project is expected to have a substantial development impact by enhancing the economic infrastructure in KRI. By streamlining the investment licensing process, the project aims to create a more conducive environment for private investments, thereby supporting sustainable economic growth. The adoption of climate-smart and internationally recognized SEZ regulatory frameworks will not only attract strategic investments but also promote environmentally responsible practices. Additionally, the targeted investment generation in priority sectors will foster industry diversification and innovation, contributing to long-term economic resilience and stability in the region.

 The project is anticipated to generate a number of actual investments and significantly increase the capacity of government agencies to promote and facilitate private investments in identified strategic sectors. It will encourage private-sector participation in the development and management of Special Economic Zones (SEZs).