Minister of Investment and Downstream/Head of the Investment Coordinating Board, Rosan P. Roeslani, renews the Indonesian government’s commitment to  achieve 8-percent economic growth by 2029 driven by investment and industrial transformation.

Addressing the World Bank’s 2025 Business Ready (B Ready) Report launch event in Jakarta on Monday, February 10, 2025, Rosan highlighted the crucial role of investment in strengthening Indonesia’s economic structure and transitioning towards sustainable energy.

Currently, he said, investment contributes nearly 28 percent to Indonesia’s economic distribution, with domestic consumption at 53-54 percent, government spending at 8-9 percent, and net exports around 2 percent. 

Recognizing its importance, Roeslani emphasized that investment will continue to be a major growth engine.

“In 2024, Indonesia attracted US$114.3 billion in investments, surpassing the presidential target at 103.9 percent achievement. Looking ahead, Indonesia is targeting $800 billion in total investments from 2025 to 2029, marking a significant 143 percent increase compared to the previous decade,” Rosan said at the 2025 B Ready Report launch event.

The World Bank's B Ready 2025 report is a comprehensive assessment of the global business and investment climate. It replaces the former Doing Business project, offering a more balanced and transparent evaluation of factors that strengthen the private sector.

Rosan acknowledged that Indonesia faces stiff competition from neighboring countries for foreign direct investment (FDI). He stressed the importance of the B Ready Report as a valuable benchmark for policy improvements, helping Indonesia identify sectors that need reforms to remain competitive.

Key sectors

Another major focus is downstream industrialization, which contributed 28.8 percent of total economic distribution in 2024. Rosan projected that this figure will rise to 30 percent in the next five years, solidifying the role of value-added industries in economic growth.

Additionally, Indonesia is committed to achieving net-zero emissions by 2060 or sooner, with foreign support. The country possesses vast renewable energy potential of 3,700 gigawatts, primarily from solar, hydro, geothermal, and wind. However, current installed capacity remains at just 13.1 gigawatts, under 1 percent of the total potential. The government is ramping up efforts to boost renewable energy investments alongside its industrial strategy.

Call for international collaboration

Rosan emphasized that Indonesia cannot achieve these ambitious targets alone. As the country strives to become a high-income nation by 2045, he invited international stakeholders to participate in this transformation.

He concluded by reaffirming the Indonesian government’s commitment to policy improvements and investment climate reforms. He expressed optimism that Indonesia will score higher in future World Bank assessments and achieve its 8 percent economic growth target with strong domestic and international collaboration.