Indonesian president invites Australian investors to invest in priority sectors

Indonesia’s priority sectors include downstream industry, green energy, electric car battery industry, renewable energy from wind, water, geothermal, biofuels, and solar.

 

Jakarta (Indonesia Window) – Indonesian President Joko Widodo ensured that his country is the best partner for investing in the Southeast Asian region, and therefore he invited Australian investors to invest in Indonesia’s priority sectors.

The president emphasized a number of Indonesia’s priority sectors that have high potential for investors to invest in the country, the Indonesian Cabinet Secretariat said in a written statement on Tuesday.

“Indonesia has high potential as an investment destination with a wealth of natural resources, demographic bonuses, a large market, well-maintained economic and political stability,” the president said during a meeting with CEOs of Australian companies in the Cambridge Meeting Room, Hotel Shangri-La, Sydney, on Tuesday (July 4).

The first priority sector is in the field of the downstream industry, the president said, adding that Indonesia and Australia have great potential to integrate in developing the electric car battery industry.

“Indonesia has targeted to start producing EV (electric vehicle) batteries next year, as well as the production of one million electric cars and 3.2 million electric motorcycles in 2035,” he explained.

In addition, the head of state said that Indonesia has tremendous potential in the green energy sector, and has 434 gigawatts of new renewable energy from wind, water, geothermal, biofuels and solar.

“(Currently) 30,000 hectares of green industrial park is being built,” he pointed out.

He further said that currently the construction of a prospective new capital city (locally known with its acronym IKN) in East Kalimantan province with the concept of a smart city based on forests and nature is starting to be carried out.

According to the president, investment opportunities in several sectors in IKN are wide open for investors.

“The investment value reaches 25 billion U.S. dollars, which is very open, both in the education, health, energy and other sectors,” he added.

In the education and health sectors, the president expressed his confidence that the investment potential for investors is also very high.

“The number of student admissions increases by around 20 percent every year. Nearly two million Indonesians still go for treatment abroad. (This is) a great opportunity for investment in this field,” he noted.

Editing by Indonesia Window