President Joko Widodo has reiterated that Indonesia is the best partner for investing in the Southeast Asian region, emphasizing a number of priority sectors that have high potential for investors to invest in Indonesia, according to a press release posted on The President of The Republic of Indonesia website.
“Indonesia has high potential as an investment destination with a wealth of natural resources, demographic bonuses, a large market, a well-maintained economy and political stability,” said the President during a meeting with CEOs of Australian companies in the Cambridge Meeting Room, Hotel Shangri-La , Sydney, on Tuesday, 4 July 2023.
The first priority sector is in the field of downstream industries. The President said that Indonesia and Australia have great potential to integrate in developing the electric car battery industry.
“Indonesia has targeted to start producing EV batteries next year, as well as the production of 1-million electric cars and 3.2-million electric motorbikes in 2035,” he said.
In addition, the Head of State said that Indonesia has extraordinary potential in the green energy sector. Indonesia has a huge potential of 434 gigawatts in the field of renewable energy from wind, water, geothermal, biofuels and solar.
“(Currently) a 30,000-hectare green industrial park is being built,” he continued.
Furthermore, the President explained that currently the construction of the Nusantara (IKN) with the concept of a forest- and nature-based smart city is starting to be carried out. According to the President, investment opportunities in several sectors in IKN are wide open for investors.
“The investment value reaches USD 25-billion which is very open, in the education, health, energy and other sectors,” he added.
Finally, in the education and health sectors, the President believes that the investment potential for investors is also very high.
“The number of student admissions increases by around 20-percent every year. Nearly 2-million Indonesians still go for treatment abroad. A great opportunity for investment in this field,” said the President.
Source: The President of The Republic of Indonesia website, BPMI Setpres