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Jumat, 07 Februari 2025

EU-ABC Delegation Explores Upstream-Downstream Investment Opportunities

Jakarta, February 7, 2025 – Minister of Investment and Downstream Industry/Chairman of Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani welcomed 23 European business leaders, most of whom have already invested in Indonesia, as part of a delegation from the European Union-ASEAN Business Council (EU-ABC). During the meeting, the delegation stated that their visit aimed to gain deeper insights into investment opportunities across upstream and downstream sectors.

“Downstreaming remains a key priority for the Indonesian government, particularly in industries such as nickel and palm oil, where Indonesia holds a competitive advantage due to its abundant natural resources,” said Minister Rosan during his remarks at the Ministry of Investment and Downstream Industry/BKPM office in Jakarta (7/2).

The former Deputy Minister of State-Owned Enterprises emphasized that Indonesia welcomes and remains open to necessary reforms to facilitate committed investors looking to invest in the country.


“Last year in 2024, we successfully achieved approximately USD 100 billion in investments. While this figure appears quite aggressive, when we look at Foreign Direct Investment (FDI) inflows into ASEAN—which total around USD 240-250 billion—most went to Singapore, with only about 15% entering Indonesia. Therefore, we believe there is still significant potential to grow investments in the future,” Rosan stated optimistically.


The Indonesian government has directed its investment policy for the 2025-2029 period toward nine strategic priority sectors, including Downstream Industries, Renewable Energy, Food Security, Healthcare, Education, Digital Economy, Semiconductors, Export-Oriented Manufacturing, and the Nusantara Capital City (IKN). Minister Rosan highlighted Indonesia’s vast untapped renewable energy potential during the meeting.


“We have roughly 3,700 gigawatts of renewable energy potential, primarily from solar, hydro, tidal, wind, and geothermal sources. Geothermal energy, in particular, is highly promising, as Indonesia is one of the world’s largest geothermal resource holders, especially in Java and Sumatra. Currently, only about 13 gigawatts of energy capacity are being utilized—less than 1% of our total potential,” Rosan explained.


Meanwhile, EU-ABC Executive Board Member Corine Tap said the meeting provided delegates with a clearer perspective on the new Indonesian government’s priority investment sectors.


“There are numerous sectors—from upstream to downstream, consumer goods, services, and more. Opportunities exist across various regions. Indonesia is a vast and still-developing country with big ambitions to become a global player. I believe all delegates present agree on continuing to support Indonesia’s growth,” Corine noted.

According to data from the Ministry of Investment and Downstream Industry/BKPM, total European investment in Indonesia from 2020 to 2024 reached USD 16.5 billion (approx. IDR 247.5 trillion, at IDR 15,000 per USD), with the top three sectors being Chemical and Pharmaceutical Industries; Electricity, Gas, and Water Supply; and Food Industries. (*)


For further information, please contact:

Head of Protocol and Public Relations Bureau

Ministry of Investment and Downstream Industry/BKPM

Email: humas@bkpm.go.id

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