Indonesian, Dutch FMs explore green investment cooperation

Indonesian, Dutch FMs explore green investment cooperation

Jakarta, The Gulf Observer: Indonesian Foreign Minister Retno Marsudi discussed cooperation in a number of sectors, including green investment, with Dutch Foreign Minister Hanke Bruins Slot during a bilateral meeting here on Tuesday.

In a joint press conference after the meeting, Marsudi said that the Netherlands is the largest European investor in Indonesia, which has invested more than US$15.5 billion since 2013, with an annual average increase of 15.8 percent.

The Netherlands has also been one of the European countries committed to supporting the energy transition in Indonesia, she noted.

“And in the future, Indonesia hopes to strengthen cooperation (with the Netherlands) to develop the semiconductor industry ecosystem in Indonesia,” she added.

Marsudi praised the Dutch government’s commitment to supporting the energy transition, promoting sustainability, and strengthening cooperation in developing sustainable ports, the shipbuilding industry, as well as solar and wind power plants in Indonesia.

At the press conference, the minister also announced the 2024–2025 action plan for a comprehensive partnership between Indonesia and the Netherlands.

This action plan will serve as a road map for the continuation of partnership and collaboration between the two countries.

Meanwhile, Minister Slot said that the Netherlands has proposed an investment grant of 105 million euros to support sustainable development in Indonesia.

The grant is part of a €300 million cooperation program between the Dutch and Indonesian governments in partnership with Dutch financial institution Invest International.

Slot informed that the program includes loans that will support sustainable and inclusive initiatives in sectors relevant to Dutch expertise, such as climate and energy, agriculture and food, healthcare, water, and infrastructure.

According to Statistics Indonesia (BPS), the Netherlands’ investment in Indonesia reached US$1.22 billion in 2022.

Dutch investment in Indonesia includes the Frisian Flag dairy factory in East Java and a terminal in Tanjung Priok Port in Jakarta.