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Jumat, 22 November 2024

In Front of 150 Business Leaders and Entrepreneurs from England, Minister Rosan Presents Investment Opportunities in Indonesia’s Priority Sectors

London, 22 November 2024 – Minister of Investment and Downstream Industry/Chairman of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, opened the business forum “Indonesia Investment Forum (IIF) 2024” in London, UK, on 22 November 2024. The forum, organized in collaboration between the Ministry of Investment and Downstream Industry/BKPM and the Embassy of the Republic of Indonesia (KBRI) in London, was attended by 150 prominent business figures of England. Also present were several key speakers, including the Indonesian Ambassador to the UK, Ireland, and the International Maritime Organization, Desra Percaya; Executive Chairman of the Tony Blair Institute for Global Change, Sir Tony Blair KG; and Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), Anindya Novyan Bakrie.


In his remarks, Rosan emphasized investment opportunities in Indonesia, particularly in education, renewable energy, and downstream sectors. This fostered optimism among England’s businesses to invest in Indonesia. "Indonesia has proven its resilience amid global challenges. With stable economic growth, structural reforms, and a vision for sustainable development, we invite global investors to join Indonesia’s economic transformation. With strong support from the government, we are optimistic about achieving an economic growth target of 8% in the next five years," said Rosan.


England is one of the favorite destinations for Indonesians pursuing higher education abroad, thanks to its academic reputation and leading education quality. England’s commitment to supporting education development in Indonesia became increasingly evident with the establishment of two British universities: Lancaster University in Bandung, West Java, and King's College London (KCL) in the Singhasari Special Economic Zone (SEZ), East Java.


In the energy sector, meanwhile, Indonesia also put renewable energy as a priority. Minister Rosan outlined Indonesia’s significant renewable energy potential that reaches 3,700 gigawatts from hydro, wind, tidal, and geothermal energy. Geothermal energy is particularly notable given that Indonesia has the world's largest reserves, amounting to 23 gigawatts, predominantly in Java island. "Currently, we still rely heavily on fossil fuel-based energy. We are determined to reduce the dependency. However, we acknowledge our limitations in resources, technology, and expertise. Therefore, we invite global collaboration to realize this transformation," Rosan explained.


The Indonesian Ambassador to the UK, Ireland, and the International Maritime Organization, Desra Percaya, added that Indonesia’s strategic partnerships with countries like England could have real impacts in supporting sustainable global economic transformation. "Indonesia’s population is not just about the market, its demographics offer unique opportunities for investors, particularly investors from England and education stands out as a promising sector for investment," he stated.


KADIN chairman Anindya Novyan Bakrie, who also gave remarks at the forum, emphasized that to achieve the economic growth target, Indonesia must enhance investment and exports, as well as domestic food security. “The main sectors driving Indonesia’s economic transformation include food security, as we aim to position Indonesia as a leading food hub in the region,” said Anindya Bakrie.


The strategic partnership between England and Indonesia continues to develop, supported by strong bilateral ties and collaboration across various sectors. Executive Chairman of the Tony Blair Institute for Global Change, Sir Tony Blair KG, at IIF 2024, praised the Indonesian government’s commitment to creating an ecosystem conducive to economic growth and international cooperation.


"One of the things I’ve learned in my time there is that both under President Jokowi and now under President Prabowo, it’s a very high-quality governance. Their ministers are people who understand business, they like business, and are willing to work with businesses for everyone’s mutual interest. Of course, there is much that The UK could be doing with Indonesia, it is already a strong relationship," said Tony Blair.


IIF 2024 is a leading annual event organized by the Ministry of Investment and Downstream Industry/BKPM through the Indonesia Investment Promotion Centre (IIPC) London in collaboration with the Indonesian Embassy in London. Through informative sessions, interactive discussions, and business matching, the event was designed to involve entrepreneurs from England and Europe. Participants gained valuable knowledge of investment opportunities in Indonesia’s priority sectors, including the Strategic Investment Downstream Development Roadmap for 28 key commodities such as nickel, seaweed, and palm oil.


According to records from the Ministry of Investment and Downstream Industry/BKPM, England’s investments in Indonesia reached USD 2.28 billion from 2019 to September 2024. During the period, UK investments in Indonesia were dominated by the mining sector (22%); food crops, plantations, and livestock (17%); the food industry (11%); other services (9.2%); and property, industrial estates, and business activities (8.2%).


By location, England’s investments were predominantly outside Java (64%) compared to Java (36%). The highest investment locations were Java (36%), Papua (21%), Sumatra (19%), Kalimantan (12%), and Bali and Nusa Tenggara (8.7%).(*)


For further information, contact:

Ahmad Faisal Suralaga

Head of Communications and Information Services Bureau

Ministry of Investment and Downstream Industry/BKPM

Email: humas@bkpm.go.id


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