President Jokowi invites APEC businesspersons to invest in Indonesia

President Jokowi invites APEC businesspersons to invest in Indonesia

Screenshot - President Joko Widodo (Jokowi) delivering remarks at the APEC CEO Summit in San Francisco, the United States, Thursday (November 16, 2023) local time. ANTARA/Indra Arief

Jakarta (ANTARA) - President Joko Widodo (Jokowi) invited business people at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, the United States, to seize investment opportunities in Indonesia more aggressively and quickly.

"This is the right time to invest in Indonesia, and I hope that you can take advantage of this opportunity more aggressively and more quickly," Jokowi stated at the summit on Thursday as monitored via a video uploaded by the Presidential Secretariat.

According to the head of state, Indonesia is the right and promising choice for investors to invest. This is because of the country's economy, which is projected to grow well, and its abundant economic potential.

"IMF (International Monetary Fund) predicted Indonesia's economy to grow by up to five percent in 2023, and in 2024, it is predicted at 5.1 percent," he remarked.

Apart from having huge potential, from natural resources to human resources, Jokowi stated that Indonesia also has a strong commitment to creating a conducive and competitive investment climate.

He noted that Indonesia has several priority sectors that can become investment opportunities, such as industrial downstreaming.

He remarked that as home to the largest nickel reserves in the world, Indonesia is currently building an integrated electric vehicle ecosystem, with a target of producing 600 thousand electric cars in 2030.

"Various incentives and facilities have been prepared, and I hope that APEC business people can take a big part in this sector," he stated.

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Another sector that is a priority for Indonesia is energy transition. The president remarked that currently, Indonesia has a new and renewable energy potential of 3,600 gigawatts and is also building a Green Industrial Park covering an area of 30 thousand hectares.

"For its development, investment is needed, knowledge is needed, and the latest technology is needed to produce added value while also improving the welfare of the community sustainably," he stated.

The other aspect that is a priority for Indonesia is development of the new capital city Nusantara in line with a forest-based and nature-based smart city concept.

The new capital also has investment potentials that are open in several sectors.

"(Nusantara has) 70 percent green area, 80 percent green energy-based public transportation that is open in various sectors, infrastructure, transportation, technology, education, energy, finance, tourism, health, and housing," he stated.

At Thursday's summit, President Jokowi was accompanied by Coordinating Minister for Economic Affairs Airlangga Hartarto, Foreign Affairs Minister Retno Marsudi, Trade Minister Zulkifli Hasan, and Head of the Nusantara Capital Authority Bambang Susantono.

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