Jokowi invites Australian investors to invest in Indonesia

Jakarta, The Gulf Observer: President Joko Widodo (Jokowi), on Tuesday, invited Australian investors to invest in several priority sectors of Indonesia at a meeting with CEOs of Australian companies as part of his visit to Australia.

“Indonesia has high potential as an investment destination with its natural resource wealth, demographic dividend, large market, and maintained economic and political stability,” Jokowi said in a written statement received on Tuesday.

Industrial downstreaming is among Indonesia’s priority sectors. Jokowi noted that Indonesia and Australia have vast potential to integrate with each other in developing the electric car battery industry.

“Indonesia has targeted to start producing EV (electric vehicle) batteries next year and to produce one million electric cars and 3.2 million electric motorcycles in 2035,” he said.

The president also noted that Indonesia has extraordinary potential in the green energy sector, in which Indonesia has a potential of 434 gigawatts in the field of new and renewable energy from wind, water, geothermal, biofuels, and solar.

He further stated that a 30 thousand-hectare green industrial park is currently being developed.

On Indonesia’s new capital city (IKN) Nusantara, with a forest- and nature-based smart city concept, Jokowi said its development had started to be carried out.

He stated that the opportunity to invest in several sectors in the IKN development is wide open for investors.

“The investment value is reaching US$25 billion, which is very open in the education, health, energy, and other sectors,” he remarked.

He believed that investment potential in the education and health sectors is very high for investors.

“The number of university student admissions has risen by around 20 percent every year. Almost two million Indonesians still seek medical treatment abroad. A great opportunity for investment in these fields,” he remarked.