21 Feb 2019
INDONESIA: Universities and Hospitals Set to be Opened Up to Overseas Investors
Proposals are being considered with regard to opening up the country’s university and hospital sectors to overseas investors. With the matter currently under review by the Indonesian Investment Coordinating Board (BKPM), few formal details have yet to be released. It is, however, believed that FDI of up to 100% is being considered in the case of universities established within the country’s Special Economic Zones (SEZs) and up to 67% for educational institutions outside such zones. No information, however, has been made available concerning the hospital-related FDI proposals.
The proposed moves are aimed at reducing the number of Indonesians who travel abroad for higher education and healthcare purposes. While no firm implementation dates have been announced, the changes are expected to be introduced following the country’s general elections in April this year.