"Indonesia invites German investors to contribute to green economy development in Indonesia. I reiterate that Indonesia is open to cooperation and investment, and let us collaborate to achieve common prosperity," the president stated at the Hannover Congress Centrum, Germany, on Sunday local time.
The president affirmed that Indonesia is honored to be the official partner country for the 2023 Hannover Messe, one of the world's largest trade and industrial fairs.
"'The Making Indonesia 4.0' theme is highly relevant for Indonesia, which is now striving to transform its economy through innovation and technology," Jokowi remarked while highlighting Indonesia's theme at the event.
The president then stated that Indonesia has two major strategies in the downstreaming process and green economy while adding that the country is open to investment and cooperation in developing those aspects.
With its abundant natural resources, demographic bonus, huge markets, and maintained economy, Indonesia has the capital to be the major player in global industries, he noted.
Jokowi stated that according to Indonesia's downstreaming road map, 21 commodities are projected to have an investment value of US$545 billion by 2040, a huge potential that will benefit all involved parties.
Meanwhile, he said that Indonesia has a strong commitment to preserving environmental sustainability in development and has implemented concrete actions to fulfill its goals.
"The deforestation rate has decreased significantly and is at its lowest in 20 years. Our forest fire rate also decreased by 88 percent, and the rehabilitation of 600 thousand hectares of our forests, which is expected to be complete by 2024, is the world's largest," Jokowi emphasized.
The president noted that by this year, some 23 percent of Indonesia's energy originates from new and renewable resources, and Indonesia targets the closure of all coal-fired power plants nationwide by 2025.
Indonesia is also keen to ensure that the energy transition continues to produce affordable energy for the people. However, its process requires significant innovation and funding, which might reach US$1 trillion by 2060, he pointed out.
Hence, Jokowi stressed that Indonesia would welcome new investments and collaboration opportunities with open arms.
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Translator: Sella Panduarsa G, Nabil Ihsan
Editor: Anton Santoso
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