In Singapore, Indonesia Unveils Ambitious Investment Trends 2024 and Green Economic Opportunities

In a high-profile investment forum orchestrated by the Ministry of Investment/Investment Coordinating Board, Indonesia has laid out its bold investment strategies for 2024 and unveiled an extensive plan to tap into green economic opportunities.

The forum signals a significant shift in Indonesia's economic landscape and underscores the government's commitment to sustainable and responsible economic development.

Minister of Investment Bahlil Lahadalia said that the strategic steps to attract investment include political, legal, and economic stability, adaptive and progressive policies for investment climate improvement, human resources potential, both in terms of workforce availability and market, and the potential for abundant natural resource downstreaming.

"Therefore, the government is focusing on the development of environmentally friendly industries and the utilization of new renewable energy sources that can promote more inclusive, just, and equitable development for all," said the Minister in the investment forum themed "Indonesia's Investment Trends 2024 and Green Economic Opportunities" held in Singapore, Friday (8/12).

Equally important, Entering the political year, Bahlil emphasizes that the investment climate in Indonesia remains unaffected by the upcoming general elections.

"Despite encountering political events, I remain confident that politics will not impede investments, and the government will continue to streamline business permits through the Online Single Submission (OSS) Indonesia application," he asserted.

The conference, with an attendance of around 200 participants, fostered lively discussions about the crucial transition to sustainability. Prominent figures and experts from the National Statistic Agency (BPS), Ministry of Investment, Coordinating Ministry for Economic Affairs and Maritime and Investment, along with the Rebana Metropolitan Management Authority, to name a few, took the lead in panel discussions, offering invaluable insights into Indonesia's potential for sustainable growth.

Based on the Ministry of Investment's data, Singapore has emerged as the primary source of Foreign Direct Investment (FDI) for Indonesia over the past three years, making substantial investments totaling USD 12.1 billion from January to September 2023.

SOURCE: Ministry of Investment/Investment Coordinating Board