Exhibition Of Indef Study On The Economic Impact Of Formula E Rp2.6 Trillion, Anies: We Are Grateful

JAKARTA - DKI Jakarta Governor Anies Baswedan exhibited the results of a study by the Institute for Development of Economics and Finance (Indef) which stated that Formula E Jakarta contributed to the economic impact of Jakarta reaching Rp. 2.6 trillion.

This he conveyed in the press conference of the Jakarta E-Prix 2022 Friendly Night at the DKI Jakarta City Hall.

"The Formula E activity yesterday also had a very significant economic impact. A study conducted by Indef showed the economic impact reached IDR 2.6 trillion. This is a fairly high number," said Anies at DKI Jakarta City Hall, Friday, June 24.

Anies also boasted of Indef survey data which revealed that 45 percent of visitors were millennials. From this data, Anies assessed that Formula E Jakarta is a very effective capital to introduce the mindset of holding environmentally friendly activities for future generations.

Then, Anies also revealed data that 42 percent of visitors expressed interest and wanted to be part of the sustainable city movement.

"The excellent numbers show that hard work, planning, are the keys. This result makes us feel grateful and believe that, God willing, it will be a good provision for future events," said Anies.

Previously reported, the Institute for Development of Economics and Finance (Indef) stated that the contribution of the Formula E electric car racing event to the Jakarta economy reached Rp.2.63 trillion or increased 0.08 percent of the real Gross Regional Domestic Product (GRDP) in DKI in one year.

He detailed that based on the Indef study, the total economic impact, namely the impact on the additional DKI Jakarta GRDP, reached Rp. 2.04 trillion and the direct impact was Rp. 597 billion.

The additional impact of the GRDP is a multiplier effect on the Jakarta economy from the implementation of the Formula E electric car racing. Meanwhile, the direct impact starts from the preparation until the race event takes place.

Indef detailed the assumption that the direct impact would consist of a capital expenditure allocation of Rp. 213 billion, an allocation of operational expenditure of Rp. 112 billion, and a commitment fee of Rp. 216 billion.

In addition, visitor and ticket expenditures reached IDR 52.4 billion and MSME transactions reached IDR 4.54 billion.