SOEs to help achieve investment target of Rp1,400 trillion: Minister

SOEs to help achieve investment target of Rp1,400 trillion: Minister

Screenshot of State-Owned Enterprises (SOEs) Minister Erick Thohir at the 2023 Mandiri Investment Forum in Jakarta, Wednesday, February 1, 2023. (ANTARA/Mandiri Investment Forum YouTube channel/rst)

Jakarta (ANTARA) - State-Owned Enterprises (SOEs) Minister Erick Thohir vowed to help in achieving the 2023 investment target of Rp1,400 trillion by utilizing SOEs assets.

The minister made the statement at the 2023 Mandiri Investment Forum (MIF) event also attended by President Joko Widodo (Jokowi) in Jakarta, Wednesday.

"At the meeting yesterday, I reported to President Jokowi regarding our effort to encourage investment outside the capital market, worth Rp127 trillion, in all SOEs assets that work with the private sector and also the micro, small, medium enterprises (MSMEs)," Thohir noted in his report to President Jokowi at the event.

Similar to the role of the government and the private sector, SOEs also continue to contribute to maintaining economic growth amid the current global uncertainty, he remarked.

The 12th edition of the Mandiri Investment Forum event is being held to attract investment opportunities. The forum will discuss domestic and global economic developments, with experts as speakers.

"This (event) promotes progress and government policy reform as well as investment opportunities in Indonesia, facilitates public dialogue, and actively contributes to achieving investment targets in Indonesia," Thohir stated.

Furthermore, he noted that the International Monetary Fund (IMF) ensured that Indonesia would not experience a recession since its economy was forecast to grow above five percent this year.

This projection is far above the economic growth of other countries in the world.

"We are optimistic about President Jokowi's direction and leadership. It has been proven that we can get through the pandemic and be able to maintain economic growth in an uncertain global situation. We are also able to maintain sustainable changes for the welfare of the Indonesian people. This is our priority," he remarked.

Earlier, Thohir said he would pursue investment potential from SOEs cooperation that reached Rp127 trillion in 2023. The investment potential was divided into several sectors comprising energy and oil and gas sectors, Rp33.8 trillion; tourism and supporting roles, Rp21.5 trillion; logistics services, Rp20.1 trillion; infrastructure, Rp20 trillion; mineral and coal sector, Rp14.4 trillion; financial services, Rp9 trillion; health, Rp4 trillion; and others, Rp4.5 trillion.

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