JAKARTA - President Prabowo Subianto said the government plans to build a Special Financial Center (special financial center) to optimize Indonesia's role as a safe investment destination amid global geopolitical turmoil.
"Our plan is to make a Special Financial Center. We are looking for a place," said Prabowo at the Red and White Cabinet Working Meeting at the State Palace, Jakarta, Wednesday, April 8, reported by ANTARA.
According to him, the proposal was submitted several years ago by the Chairman of the National Economic Council (DEN) Luhut Binsar Pandjaitan, which is planned to be located in Bali.
Prabowo assessed that the proposal is increasingly relevant today to show that Indonesia's investment climate remains attractive amid global dynamics.
The President explained that many residents from Russia and Ukraine have moved and settled in Bali since the two countries were in conflict in 2022.
The President assessed that this initiative could attract investors who had previously planned to invest capital in the Middle East region, but canceled their plans due to increased tensions in the region.
"It turns out, now the money in the Middle East, where does he want to go? Which country is not at war now? Indonesia is one of the most sought after," he said.
Prabowo added that this step reflects his view that the global crisis is not only a challenge, but also creates new golden opportunities.
Furthermore, Prabowo said that global turmoil should be seen as an opportunity for Indonesia to present strategic initiatives and accelerate priority programs.
"The point is, we have a lot of potential. But this is also, what I said, makes us now have to be harder, work more carefully," added Prabowo.
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