Berita Terkait

Sabtu, 27 April 2024

Indonesia and the European Union Launch Strategic Study to Strengthen Investment Cooperation

Jakarta, April 27, 2024 – The Ministry of Investment and Downstream Industry/BKPM and the European Union Delegation to Indonesia launched the “Attraction Plan for EU Investment in Indonesia” at the Ministry of Investment and Downstream Industry/BKPM office in Jakarta on Thursday morning (25/4). This study was developed under the ARISE+ Indonesia program funded by the European Union. The launch event was officiated by Nurul Ichwan, Deputy for Investment Promotion at the Ministry of Investment and Downstream Industry/BKPM Denis Chaibi, EU Ambassador to Indonesia; and Laksmi Kusumawati, Director of Trade, Investment, and International Economic Cooperation at the Ministry of National Development Planning/National Development Planning Agency (Bappenas).

Developed in partnership with ARISE+, the study aims to promote and attract a new wave of sustainable investments from the European Union. Strategically, the study aligns Indonesia's competitive strengths and investment offerings with the priorities of European Union companies in renewable energy, life sciences, Information and Communication Technology (ICT) and electronics, as well as green and blue economies, technology, digitalization, mobility, and smart cities.


Nurul Ichwan, Deputy for Investment Promotion at the Ministry of Investment and Downstream Industry/BKPM, emphasized the importance of this study as an effective step in attracting greater EU investment interest. “The European Union has been the fourth-largest source of foreign investment in Indonesia over the past five years. There is tremendous potential to attract more investment from the EU, given that it is the world's second-largest economy, and Indonesia is the largest economic power and market in Southeast Asia. This study plays a crucial role in achieving our strategic investment goals while realizing Indonesia’s broader economic development vision,” Nurul stated.


EU Ambassador Denis Chaibi reflected on the growing economic relationship, stating, “For more than three decades, the European Union has been a strong partner for Indonesia in supporting its economic growth and development. EU investment in Indonesia is significant, amounting to over EUR 19.3 billion. This study represents a joint effort under the EU’s Global Gateway strategy to mobilize private sector investment and innovation. It also reinforces ongoing EU initiatives to mobilize investment in Indonesia, including through the European Investment Bank and the Team Europe approach, which involves financial institutions from EU member states. We look forward to implementing this study to further enhance the quality of EU investments in Indonesia.”


During the launch event, the framework of the investment study was presented, including key findings, priority sectors, and strategies to support the implementation of the plan in Indonesia and the EU. The event also featured the official handover of the study and the joint signing of the Terms of Reference for the EU Desk at the Ministry of Investment and Downstream Industry/BKPM. The EU Desk will be established to support the implementation of the study and assist EU investors at all stages of investment, from exploring opportunities to establishment and post-establishment operations.


Between 2019 and 2023, realized investments from EU member states reached USD 12.1 billion, with the Netherlands contributing USD 8.2 billion or 68.1%. The top three sectors for these investments were electricity, gas, and water (23%), communication and logistics (16%), and chemical and pharmaceutical industries (12%).


For further information, please contact:

Ricky Kusmayadi

Head of Communications and Information Services Bureau

Ministry of Investment and Downstream Industry/BKPM

E-mail: rickykusmayadi@bkpm.go.id



Tioria Silalahi

Press Officer – EU Delegation to Indonesia

E-mail: tioria.silalahi@eeas.europa.eu


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