Miranda S Goeltom: Opportunities for Indonesian investment through sharia financing – experiences and challenges Keynote speech by Prof Dr Miranda S Goeltom, Acting Governor of Bank Indonesia, at the International Seminar on Islamic Finance and Banking “Opportunities for Indonesian Investment through Sharia Financing – Experiences and Challenges”, New York, 17 July 2009.
Investors initially focused on manufacturing and trade industries. In a second stage, banks and insurance companies entered the markets and prepared the ground for subsequent investment waves. More recently, investment projects have shifted from labor-intensive, low-skill industries to more skillintensive industries and the service sector. This may indicate that the new EU Member States have reached a new level of development.