Indonesia continues to seek investment to boost its economic growth target to 8%. According to Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, Indonesia holds three major strengths to attract global investors. First is its abundant natural resources, including the world’s largest nickel reserves, as well as significant deposits of bauxite, tin, copper, gold, and iron sand. In addition to minerals, Indonesia also has substantial coal, oil, and gas reserves, plus silica sand to support the semiconductor industry. The country’s strength extends to agriculture, plantations, and fisheries, ensuring a strong resource base.
The second advantage is Indonesia’s large population of 280 million, providing a vast and adaptable human resource pool, with countries like Australia showing interest in cooperation. The third strength is Indonesia’s immense renewable energy potential, estimated at around 3,600 gigawatts, drawn from geothermal, solar, and wind sources. Being part of the Pacific Ring of Fire, regions like Sumatra, Java, and Sulawesi offer exceptional geothermal prospects, although current installed capacity remains modest at 672 MW, leaving substantial room for growth.
