Published on 22/10/2024 at 09:16 GMT+7 Reading time
Indonesia is poised to receive significant foreign investments from South Korean and Chinese companies, said Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani.
The agreements, which will be finalized in the next one to two months, are expected to bring in investments totaling approximately Rp80 trillion (US$5.5 billion).
Speaking at a press conference on the Ministry of Investment's 10-year achievements on October 15, 2024, Rosan emphasized that the investments will focus on green energy and involve collaborations with state-owned enterprises, including PT Aneka Tambang (Antam).
"The global market has a strong interest in green energy industries, and we are capitalizing on that by creating an investment-friendly environment," Rosan said.
One of the key government initiatives is to promote the construction of battery plants for electric vehicles (EVs) as part of its strategy to attract foreign investors and boost Indonesia’s clean energy sector.
Rosan highlighted that export-oriented and clean energy-focused investments are critical in driving Indonesia’s economic growth, noting that domestic consumption currently accounts for about 53 to 56 percent of the economy, while investments contribute 25-26 percent.
The government is targeting Rp1,905 trillion in total investment by 2025, aiming to create more green energy jobs and accelerate the shift toward sustainable development.
“If we want to continue growing and attract investment, focusing on clean energy is essential,” Rosan noted.
BKPM has reported a 15.24 percent year-on-year growth in investment realization in the third quarter of 2024, reaching Rp431.48 trillion, a 0.72 percent increase from the previous quarter.
This achievement represents 26.15 percent of President Jokowi’s full-year target of Rp1,650 trillion.
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