In 1970 Batam had no cars and roads (98% forest); population was 7,000. McDermott's Batu Ampar yard was Batam's first industrial project, started in 1968. Batam today is a major logistics base for many of the world's major contractors, including Bechtel, Shlumberger, McConnel Dowell, Global Industries, Saipen, Ballast Nedham, Halliburton, Weatherford, Nippon Steel and Hyundai. Over 700 foreign companies have manufacturing or logistics operations on the island.
Electronics is Batam's largest economic sector, followed by oil service/construction, ship repair. The city has grown at 30% per year for each of the past 11 years. Growth in 2002/2003 was closer to 32% per year. Few places in the world are expanding this fast. Despite negative reports in the foreign media, Batam is actually a safe place for the 1.2 million foreign visitors who come each year. Very few ever have a problem. Batam is Indonesia's wealthiest city. Almost no one in Batam comes from Batam. Well over half the 1 million population is single, aged between 20 and 30.
The first thing many notice about Batam is that, even though it is part of Indonesia, in many ways it is a separate entity. Whilst other places are effected by the political and economic climate, Batam remains a constant with none of the the violence or problems located elsewhere. In fact, the economic condition here is more closely related to that of Singapore.
VV
Electronics is Batam's largest economic sector, followed by oil service/construction, ship repair. The city has grown at 30% per year for each of the past 11 years. Growth in 2002/2003 was closer to 32% per year. Few places in the world are expanding this fast. Despite negative reports in the foreign media, Batam is actually a safe place for the 1.2 million foreign visitors who come each year. Very few ever have a problem. Batam is Indonesia's wealthiest city. Almost no one in Batam comes from Batam. Well over half the 1 million population is single, aged between 20 and 30.
The first thing many notice about Batam is that, even though it is part of Indonesia, in many ways it is a separate entity. Whilst other places are effected by the political and economic climate, Batam remains a constant with none of the the violence or problems located elsewhere. In fact, the economic condition here is more closely related to that of Singapore.
VV
E-mail: lionvoe@yahoo.com.sg
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