Indonesia is expanding its investment horizon, targeting potential investors from the Middle East and other regions, according to Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani. Speaking after a meeting with President Prabowo Subianto at the Jakarta Presidential Palace on Thursday, Rosan revealed plans to boost investment’s contribution to Indonesia’s GDP, currently at 24-25%. He shared projections for total investments to reach IDR 13,032 trillion for the 2025-2029 period, with a target of IDR 1,905 trillion in 2025. The Minister emphasized that these investments are crucial for achieving an 8% economic growth rate by 2029, supported by collaboration across 18 ministries. BKPM is also actively engaging global portfolio investors, such as US-based BlackRock, which manages USD 11 trillion in assets—six times Indonesia's GDP.

When asked about US investments, Rosan highlighted an upcoming major technology project, set to be announced following discussions with the Ministry of Industry on January 7, 2025. Additionally, during a recent visit to China, Indonesia secured USD 7.46 billion in commitments from four major firms in fiberglass, PET resin, solar panel, and integrated fisheries in Maluku and Papua. Automotive giant BYD is also preparing to launch a manufacturing facility in Subang, West Java, starting early next year. These initiatives underscore Indonesia's focus on diversifying investment sources while fostering economic growth and industrial development.

Source: https://www.antaranews.com/berita/4561094/rosan-ri-kembangkan-peluang-investasi-di-luar-as-dan-china