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