Indonesia eyes $120 bln investment for economic development
Indonesia aims to secure an investment of $120 billion by 2025 to promote its national economy, Minister of Investment Rosan Roeslani said on Monday.
Minister of Investment Rosan Roeslani. Photo courtesy of Inp.polri.go.id.
Roeslani emphasized the Government's focus on attracting investment, particularly in export-oriented renewable energy, adding that the country's renewable energy potential is approximately 3,700 gigawatts, coming from solar panels, solar energy, hydro, biomass, and geothermal sources.
He also highlighted Indonesia's status as the world leader in geothermal potential, especially in the Java region. However, he noted that the country cannot develop this sector alone and thus actively seeks international investment partnerships.
Increasing renewable energy investments is crucial to achieving Indonesia's commitment to reaching net-zero carbon emissions by 2060, the minister said.
Data from the Ministry of Investment reveals that, in the third quarter of 2024, the country's investment disbursement reached $27.3 billion, a 15.24% increase compared to the same period last year.
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