Prabowo Secures Investment Commitments Worth IDR 294 Tn from Six Strategic Nations

26 Nov 2024

Bilateral Cooperation
Business News
Investment

In the past two weeks, President Prabowo Subianto has undertaken visits to several countries, including China, the United States, Peru, Brazil, the United Arab Emirates, and the United Kingdom. Through her personal Instagram account, @smindrawati, Finance Minister Sri Mulyani revealed the outcomes of Prabowo's diplomatic trips. 

 

"During the President's approximately two-week visit to six countries, a total of US 18.5 billion dollars [around IDR 294 trillion] in investment commitments were secured," wrote Sri Mulyani on Tuesday, November 26. 

 

Prabowo held state meetings to maintain and strengthen Indonesia's bilateral relations. Among the key discussions was collaboration with the United Kingdom across various sectors.  

 

"These sectors include the economy, education, health, fisheries, and defense," said Sri Mulyani. 

 

In a productive dialogue with several CEOs of multinational companies in the UK, the meetings resulted in investment commitments worth USD 8.5 billion. "British business players have expressed their commitment to investing in our country," wrote Sri Mulyani. 

 

Global Confidence in Indonesia’s Economy Rising 

 

Prabowo emphasized that global confidence in Indonesia continues to grow, as reflected in his visits to Brazil, the United States, and China. Additionally, the government’s commitment to clean and efficient governance is a major draw for investors. 

 

"I believe this is a strong indicator of global confidence in Indonesia's economy. A clean government is something they truly appreciate," said Prabowo in a written statement on Thursday, November 21. 

 

Meanwhile, Minister of Investment and Downstreaming Rosan Roeslani noted that Indonesia’s political and economic stability, along with its peaceful governmental transition, has boosted investor confidence. 

 

He also outlined plans to follow up on commitments between Indonesia and the UK through further meetings with interested companies. 

 

"Enthusiasm for investing in Indonesia is not only high but continues to increase. They view our political and economic stability very positively, and the peaceful governmental transition provides even greater confidence," said Rosan. 

 

Original article here

This article is published in partnership with Katadata