Apple Inc Agrees To Invest IDR 2.6 Trillion In Indonesia, For Anything?

JAKARTA - Minister of Industry (Menperin) Agus Gumiwang Kartasasmita said, Apple Inc. has agreed to invest its new capital in Indonesia worth 160 million US dollars or around Rp. 2.6 trillion (assuming an exchange rate of Rp. 16,356 per US dollar).

Agus said, based on the dynamics that occurred during the negotiations and based on a number of considerations, his party decided that in the future it would use a new investment cycle.

"What is usually the 2017-2020 cycle, 2020-2023, but the consideration of the dynamics of this negotiation is not an extension cycle, but a new cycle," Agus said at a press conference at his office, Wednesday, February 26.

"In this new cycle, we have agreed that Apple's innovation investment, which follows the third scheme, is worth 160 million US dollars", he continued.

He added that the investment value includes various activities that had not previously existed in Indonesia and would provide added value, both quantitatively and qualitatively.

Apple's investment includes the continuation of the Apple Academy in the country, the establishment of the Apple Software Indonesia and Technology Institute and the Apple Professional Developer Academy.

He said the 160 million US dollars figure was an agreed minimum investment commitment.

According to Agus, his party has also calculated the impact of the realization of the investment on the national economy.

"160 million US dollars, which is the next cycle investment commitment, is actually the minimum number. We have also calculated the impact on various sectors," said Agus.

"We have also calculated the impact of the activities that have been agreed upon in the program. So, later there will be another impact of a minimum of 72.3 million US dollars," he concluded.