Prabowo Putin - image source: Biro Humas Setjen Kemhan
Coordinating Minister for the Economy, Airlangga Hartarto, said that Russian investors are interested in investing in Indonesia’s mining and energy sectors under the Daya Anagata Nusantara Investment Management Agency (BP Nusantara).
Airlangga noted that the government needs an investment of US$800 billion (Rp13,453 trillion) until 2029, so that national economic growth could reach 8 percent annually in 2028.
"Investors in Danantara certainly invest in a very strategic nature. Investors from Russia are interested in aluminum processing and energy," Airlangga said on Monday, April 14, 2025.
Airlangga cited that the government targeted Russian investors to invest in several sectors, such as cybersecurity, small modular reactors, tourism and education. He also emphasized that investment in the form of educational scholarships in Russia is a priority for the government at this time.
He said further that the main strategy for the country’s economy to grow 8 percent is investment in the downstream sector. According to him, this is important because it increases the added value of local products and deepens the domestic supply chain.
Airlangga noted several sectors that would be the government's priority to enter the downstream program, including nickel, copper, bauxite and palm oil.
"I think Russian investors can invest in the critical mineral, technology and raw material sectors," he said.
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