President Jokowi Calls on Australian Investors to Invest in Indonesia’s Priority Sectors

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 4 Juli 2023
Category: News
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President Jokowi attends a meeting with Australian CEOs at Cambridge Meeting Room, Shangri-La Hotel, Sydney, on Tuesday (07/04). (Photo: Bureau of Press, Media, and Information of Presidential Secretariat / Laily Rachev)

President Joko “Jokowi” Widodo ensures that Indonesia is the best partner to invest in South-East Asia region. President Jokowi highlighted a number of high-potential priority sectors for investors to invest in Indonesia.

“Indonesia has a high potential as a destination for investors considering its natural resources, demographic bonus, big market, and a maintained economic and political stability,” the President said during the meeting with Australian CEOs at Cambridge Meeting Room, Shangri-La Hotel, Sydney, on Tuesday (07/04).

The first priority sector is downstream industry sector. President Jokowi mentioned that Indonesia and Australia have a big potential to integrate in developing electric car battery industry.

“Indonesia has targeted to start EV battery production next year, and to produce 1 million electric cars and 3.2 million electric motor cycle in 2023,” he elaborated.

In addition, the Head of State also mentioned that Indonesia has a great potential in green energy sector. Indonesia has a big potential of 434 gigawatt in renewable new energy sector from wind, water, geothermal, biofuel, and solar energies.

“(Currently) we are establishing 30 thousand hectares green industrial park,” he explained.

Furthermore, President Jokowi explained that currently Nusantara Capital (IKN) with a forest and nature-based smart city concept is under construction. According to him, a number of sectors in IKN make investment opportunities available for investors.

“Investment value of USD25 billion gives ample opportunity in sectors such as education, health, and energy,” he added.

Lastly, President Jokowi also ensured that the education and health sectors have enormous potential for investors.

“The number of college students increases around 20 percent per year. Almost 2 million Indonesian people prefer to have medical treatment overseas. It is a huge opportunity for investors in these sectors,” President Jokowi remarked. (Bureau of Press, Media, and Information of Presidential Secretariat/AIT) (AW/LW)

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