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Rabu, 18 Oktober 2023

Indonesia Investment Forum 2023: Sustainable Projects Attract English Investors

Jakarta, October 18, 2023 – The Indonesia Investment Promotion Center (IIPC) London, in collaboration with the Embassy of the Republic of Indonesia (KBRI) and the local representation of Bank Indonesia, has once again successfully hosted the Indonesia Investment Forum (IIF) 2023 in London, United Kingdom, on October 5, 2023.

Thirteen sustainable investment projects in energy, industry, electric vehicles, tourism, infrastructure, transportation, mining, and digitalization were presented during the business matching session at IIF 2023. These projects managed to pique the interest of approximately 20 investors from England and the surrounding regions.


Participating virtually, Minister of Investment/Chairman of Indonesia Investment Coordinating Board (BKPM), Bahlil Lahadalia, highlighted that despite global economic uncertainties and slowdowns, Indonesia has maintained a positive economic growth of 5.31% in the second quarter of 2023, with inflation remaining below 4%. This achievement is attributed to the significant contribution of investments, making Indonesia the second-largest investment destination in Southeast Asia.


"I invite our friends from England to be part of this development process. You have the technology, markets, and financial capabilities. Indonesia, on the other hand, possesses abundant natural resources, extensive territory, and worldwide market penetration potential. Come to Indonesia, bring your technology, and we will handle the licensing," Bahlil stated in his address.


Nurul Ichwan, Deputy Minister for Investment Promotion at the Ministry of Investment/BKPM, participated as a panelist in a discussion titled 'Powering Up: Advancing Sustainable Infrastructure, Financial Sustainability, and Investment in Indonesia.' He discussed the progress and efforts of the Ministry of Investment/BKPM in advancing investment projects, especially in renewable energy, sustainable investment, and the development of the electric vehicle ecosystem in Indonesia.


"The IIPC London office serves as the main contact point for our British and European investor friends interested in our sustainable projects," Nurul emphasized.


Several ready-to-offer sustainable investment projects presented by the Ministry of Investment/BKPM include the Electric Motor Industry for Electric Vehicles in Bekasi, West Java; Integrated Charging Station Facility in South Jakarta, DKI Jakarta; Solar Power Plants (PLTS) in Penajam Paser Utara, East Kalimantan, and Lebak, Banten; as well as the Bioethanol Industry in Bojonegoro, East Java, with a total estimated investment value of USD 276 million. Additionally, the project for the development of the Super Priority Tourism Destination (DPSP) Toba Caldera Resort by the Lake Toba Authority Implementation Agency (BPODT) was offered with an estimated investment value of USD 1.7 billion.


Indonesian Ambassador Desra Percaya, Bank Indonesia Governor Perry Warjiyo, and Minister of State for the Investment Security Unit Nusrat Ghani were also present and delivered speeches at the opening of IIF 2023, with the theme "Fostering Sustainable Growth Through Green Investment and Digital Transformation."


Prominent speakers from both England and Indonesia discussed potential economic cooperation between the two countries, including Richard Graham, the UK Trade Envoy to Indonesia, Malaysia, the Philippines, and ASEAN; Lord Vaizey of Didcot, Chairman of the UK ASEAN Business Council; and Rino Donosepoetro, Chairman of the British Chamber of Commerce Indonesia. IIF 2023 was conducted in a hybrid format at the KBRI London office and attended by approximately 200 participants, including business leaders and high-ranking financial institution officials.


According to data from the Ministry of Investment/BKPM, in the past five years (2018 - Q2 2023), the UK has been the second-largest European investor in Indonesia after the Netherlands, with a total investment realization of USD 1.75 billion. The five main sectors of investment from the UK are food crops, plantations, and livestock (24%); mining (20%); food industry (9%); chemical and pharmaceutical industry (8%); and hotels and restaurants (7%). (*)




For further information please contact:

Ricky Kusmayadi

Head of Communication and Information Services Bureau

Ministry of Investment/BKPM 

E-mail: rickykusmayadi@bkpm.go.id


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