Tuesday, May 28, 2024

Jokowi meet with CEOs from Hong Kong companies to discuss investment opportunities and protection of Indonesians

Reading Time: 2 minutes
Imanuddin Razak




President Joko Widodo (Jokowi) welcomed delegates of Chief Executive Officers (CEOs) from Hong Kong companies at the Presidential Palace in Jakarta on Tuesday, July 25, 2023. During the meeting, both parties discussed investment opportunities in Indonesia.

“The President welcomed the Hong Kong delegation to discuss several potential investments they are considering,” said the Minister of Investment and Head of the Investment Coordinating Board, Bahlil Lahadalia, to reporters at the Presidential Palace Complex on Tuesday, July 25, 2023.

Various sectors are being explored, including tourism, the National Capital, and several infrastructure projects. However, Bahlil did not provide further details concerning the meeting and the discussion.

“The Minister of State-Owned Enterprises will lead the discussions as I asked him to meet their delegation officially at the State-Owned Enterprises office,” Bahlil explained.

Separately, Indonesian Ministry of Foreign Affairs Retno Marsudi, stated that the delegation that met with the President consisted of Chief Executives of companies in Hong Kong, accompanied by five high-ranking officials, and 30 representatives of various major companies.

Issues discussed in the meeting

In the meeting, the President presented three key points. First, Jokowi offered investment opportunities in Indonesia, such as the development of the National Capital Region, infrastructure, transportation, digital technology, and green energy.

Second, regarding trade, considering the substantial total trade between Indonesia and Hong Kong, both sides are committed to take measures to reduce trade barriers.

“The President mentioned access to some Indonesian products, including food, agriculture, and spices. He also suggested cooperation in the culinary field, which was warmly received by the Hong Kong Chief Executive,” said Retno.

The third issue was in relation to the protection of Indonesian citizens. Currently, there are over 140,000 Indonesian citizens working in Hong Kong, 90% of which are migrant workers.

Despite this, Retno was still unable to disclose specific outcomes of the meeting, as the delegation will be conducting further business meetings in Indonesia with various parties.

Hong Kong’s investment value in Indonesia in the first quarter of 2023 was the second largest recorded after Singapore in the first place. Meanwhile, trade value between Indonesia and Hong Kong has increased significantly by over 20%.

Imanuddin Razak






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


Minister of State-Owned Enterprises (SOEs) Erick Thohir recently met with Mohamed Ali Rashed Alabbar, the founder of Emaar Properties, the developer behind the world’s tallest building, Burj Khalifa, discussing about the development of Indonesia’s Special Economic Zones (KEK) and tourism.
Indonesia encourages the establishment of a Global Water Fund or world water financing platform in an effort to improve adequate water and sanitation infrastructure worldwide.
Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, invites Chinese health industry professionals, particularly those in traditional medicine, to consider investing in Indonesia.
Indonesia was honored as the World Water Capital by Loïc Fauchon, President of the World Water Council, during the 10th World Water Forum in Bali.
President Joko “Jokowi” Widodo and Prime Minister of Tajikistan Qohir Rasulzoda held a bilateral meeting on the sidelines of the 10th World Water Forum at the Bali International Convention Center (BICC), Monday, May 20, 2024, discussing efforts to strengthen cooperation in water resources management.
Coordinating Minister Luhut B. Pandjaitan and Sri Lankan President Ranil Wickremesinghe discussed on Sunday, May 19, 2024, the Global Blended Finance Alliance (GBFA), adopted by the G20 Bali Summit leaders to accelerate climate investment in developing countries, Least Developed Countries (LDCs), and island nations.