Government Amends Land Rules for Investment

Summary

The government amended regulations on land acquisition for investment in the Omnibus Law on Investment bill. Forestry and Environment Minister Siti Nurbaya said that the land area stipulation is no longer based on specific figures, but rather on bio-geophysical considerations. In other words, the land area restriction is substituted by particular accounts based on the character of the investment in the region.

Siti said that the percentage limit makes it challenging to determine the criteria for incoming investment in regions with different physical characteristics, including differences in the land areas that can be developed for commercial purposes. "All regions cannot apply the figures limitation in the regulation easily," she said on Wednesday, February 12, 2020. The government will determine the parameters of the region's feasibility for investment.

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