Minister Rosan: RI Develops Investment Opportunities Outside The US And China

Minister of Investment, Rosan Roeslani. (Photo: Doc. Antara)

JAKARTA - Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that Indonesia opens opportunities for investment from the Middle East and other countries.

Rosan, in his statement after facing President Prabowo Subianto at the Jakarta Presidential Palace Complex, Thursday, January 2, said that this effort was to increase investment contribution to Indonesia's GDP, which is currently at 24-25 percent.

"There are also several investments, of course, from the Middle East and others," he said, quoted by Antara.

In its meeting with the President, Rosan reported the development of investment plans in Indonesia for the 2025-2029 period which is projected to reach IDR 13,032 trillion, with this year's investment target of IDR 1,905 trillion.

Rosan stressed that this investment will be the driving force for economic growth, with a growth target of 8 percent by 2029.

To achieve this, said Rosan, collaboration of 18 related ministries is needed to support investment achievements that year, ranging from IDR 3,414 trillion.

The Ministry of Investment/BKPM has also explored the potential of portfolio investors, such as the world's large fund management which so far has not been maximally exploited.

For example, a company based in the US, Blackrock, with assets of 11 trillion US dollars or equivalent to six times the GDP Indonesia.

When asked about investment from the United States, Rosan said there were major projects to be announced in the near future, involving the technology sector with significant value.

The project has entered the official coordination stage with the Ministry of Industry and will be announced after the meeting on January 7, 2025.

In its report, Rosan also mentioned the results of a working visit to China, where Indonesia received an investment commitment of 7.46 billion US dollars from four large companies, which include the fiberglass sector, resin masks, solar panels, and integrated fisheries in Maluku and Papua.

In addition, one of BYD's automotive companies has also started preparations for the construction of manufacturing facilities in Subang, West Java, which are scheduled to start early next year.