Jokowi Invites Australian Investors To Invest In Priority Sectors

President Joko Widodo attended a meeting with Australian investors in Sidney, Australia, Tuesday (4/7/2023). BETWEEN/HO-Biro Press of the Presidential Secretariat

JAKARTA - President Joko Widodo in a meeting with CEOs of Australian companies on the sidelines of a working visit in Sidney, Australia, invited Australian investors to invest in investing in a number of Indonesia's priority sectors.

"Indonesia has high potential as an investment destination with natural resource wealth, demographic bonuses, large markets, economic and political stability that are maintained", said President Jokowi as quoted by ANTARA, Tuesday, July 4.

Indonesia's priority sectors include in the field of downstream industry. The President said that Indonesia and Australia have great potential to integrate in developing the electric car battery industry.

"Indonesia has been targeted to start producing EV batteries next year, as well as the production of one million electric cars and 3.2 million electric motors by 2035", he said.

In addition, Jokowi said that Indonesia has extraordinary potential in the green energy sector where Indonesia has great potential as much as 434 gigawatts in the field of new renewable energy from wind, water, geothermal, biofuel, and solar.

"(Currently) 30 thousand hectares of industrial parks are being built", he said.

The President explained that currently the development of the capital city of Nusantara (IKN) with the concept of a smart city based on forests and nature is starting to be carried out. According to Jokowi, investment opportunities in several sectors in IKN are wide open for investors.

"The investment value reaches 25 billion US dollars which is very open, both in the education, health, energy, and other sectors", he explained.

Meanwhile, in the education and health sector, Jokowi believes that investment potential for investors is also very high.

"The number of student admissions increases by about 20 percent every year. Nearly two million Indonesians are still going for treatment abroad. A great opportunity for investment in this field", said the president.