President: Now is the Right Time to Invest in Indonesia

Speaking at the APEC CEO Summit in San Francisco on Thursday (16/11/23), President Jokowi said that Indonesia is the right and promising choice for investors to invest, explaining that this is partly due to Indonesia’s economic growth, which is predicted to grow further, as well as the number of potential investment opportunities Indonesia has, according to a release on the website of the President of The Republic of Indonesia.

“Ministry of Finance predicts that the Indonesian economy will grow by 5-percent in 2023 and in 2024 it is estimated at 5.1-percent,” said the President adding that apart from having great potential, from natural resources to human resources, Indonesia also has a strong commitment to creating a conducive and competitive investment climate.

“Indonesia has great potential, rich natural resources, a demographic bonus, a large market, maintained economic stability, maintained political stability, and most importantly a strong commitment to creating a conducive and competitive investment climate,” he said.

For this reason, the Head of State explained a number of Indonesia’s priority sectors that could become investment opportunities for investors, one of which is the industrial downstream sector. The President said that as the country with the largest nickel reserves, Indonesia is in the process of building an integrated electric vehicle ecosystem.

“And we are targeting to produce 600,000 electric cars in 2030, which we will start next year,” he added.

Therefore, the President hopes that APEC business people can be part of this process. “Various incentives and facilities have been prepared and I hope that APEC business people can take a big part in this sector,” he said.

Another sector that is a priority for Indonesia is the energy transition. President Jokowi said that currently Indonesia has a new renewable energy (EBT) potential of 3,600 gigawatts and is also building a Green Industrial Park covering an area of ​​30,000 hectares.

“Where to develop it, investment is needed, knowledge is needed, the latest technology is needed to produce added value while improving the welfare of society in a sustainable manner,” he continued.

The next thing that is Indonesia’s priority is the development of an Indonesian Capital City (IKN) which was built with the concept of a forest and nature-based smart city. The President assessed that the development of IKN has open investment potential in a number of sectors.

“70-percent of green areas, 80-percent of open green energy-based public transportation in various sectors, infrastructure, transportation, technology, education, energy, finance, tourism, health and housing,” he added.

Therefore, by looking at these opportunities and a number of priority sectors, the President invited all business people who attended the APEC CEO Summit to invest in Indonesia.

“This is the right time to invest in Indonesia and I hope you can take advantage of this opportunity more aggressively and more quickly,” he said.

Also accompanying the President at the event were Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Foreign Affairs Retno Marsudi, Minister of Trade Zulkifli Hasan, and Head of the IKN Authority Bambang Susantono.


Source: The President of The Republic of Indonesia website, BPMI Setpres

Image by BPMI Setpres/ Laily Rachev

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