APEC Summit: President Jokowi Unveils Indonesia’s Investment Priority Sectors

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 16 November 2023
Category: News
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President Joko “Jokowi” Widodo delivers his remarks at the 2023 Asia Pacific Economic Cooperation (APEC) Summit, at the Main Ballroom, Moscone West, San Francisco, the United States, Thursday (11/16). (Photo by: BPMI of Presidential Secretariat)

Indonesia stands as a fitting and promising choice for investors thanks to the expected robust economic growth and diverse potentials the country holds, President Joko “Jokowi” Widodo has said.

“The International Monetary Fund (IMF) projects that Indonesia’s economy will grow by 5 percent this year and 5.1 percent by next year,” the President said at the 2023 Asia Pacific Economic Cooperation (APEC) Summit, at the Main Ballroom, Moscone West, San Francisco, the United States, Thursday (11/16).

According to the President, Indonesia offers abundant natural and human resources coupled with a strong commitment to fostering a conducive and competitive investment climate.

“Indonesia is rich in both natural and human resources, a demographic bonus, a large market, maintained economic stability, maintained political stability, and most importantly, a strong commitment to creating a conducive and competitive investment climate,” he said.

On that occasion, the Head of State highlighted various priority sectors in the country that provide investment opportunities for investors, including the industrial downstream sector.

As the nation with the largest nickel reserves, he said, Indonesia is actively developing an integrated electric vehicle ecosystem.

“Our goal is to produce 600 thousand electric cars by 2030, and we’re set to kick off production next year,” he added.

During the summit, the President expressed hope that APEC business people could be involved in the process.

“We’ve set up various incentives and facilities, and I’m hopeful that business people from APEC will actively engage in this sector,” he stated.

Regarding the energy transition sector, the President revealed that Indonesia currently holds a new renewable energy (NRE) potential of 3,600 gigawatts and is concurrently developing a Green Industrial Park spanning 30,000 hectares.

“Developing the sector requires investment, knowledge, and cutting-edge technology to create added value while ensuring sustainable improvements in societal welfare,” he explained.

Regarding the development of Nusantara Capital (IKN), the President conveyed that IKN will be constructed with the concept of a forest and nature-based smart city, emphasizing that the development of IKN holds open investment potential across various sectors.

“There will be 70 percent green areas and 80 percent open green energy-based public transportation in various sectors, including infrastructure, transportation, technology, education, energy, finance, tourism, health, and housing,” he added.

Considering these opportunities and the identified priority sectors, the President extended an invitation to all business people attending the 2023 APEC CEO Summit to invest in Indonesia.

“Now is the perfect time to invest in Indonesia, and I encourage you to seize this opportunity with a more aggressive and swift approach,” the President remarked. (BPMI of Presidential Secretariat/UN) (RIF/MUR)

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