IslamicFinance.de

Licensing and the implementation of sharia often cause investors to reconsider investing in Aceh. The Aceh provincial administration, through the Aceh Promotion and Investment Board (BIPA), has made strenuous efforts to convince investors to invest capital. BIPA has coordinated with various stakeholders, including city administrations and district level administrations, to help spur economic growth in Aceh. It also initiated a joint commitment to improve the image of Aceh and inputting data on impediments and issues faced by the business world to seek immediate solutions. However, uncertain regulations and licensing as well as an unfriendly attitude towards foreign investors are issues yet to be solved.