Wanting to become a developed country, RI needs downstream investment of IDR 8,615 T News – 1 hour ago

Jakarta, CNBC Indonesia – Indonesia needs downstream investment worth US$ 545.3 billion or Rp. 8,615.7 trillion (Rp. 15,800/US$) to become a developed country, while achieving the goal of a Golden Indonesia 2045.

This was stated by the Minister of Investment and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia at the Investment Realization Press Conference for the third quarter of 2023, Friday (20/10/2023).

This downstream investment must be directed to 21 commodities and 8 sectors. There are 21 commodities included in the 2023-2035 Strategic Investment Downstream Roadmap, namely coal, nickel, tin, copper, bauxite, iron, gold silver, buton asphalt, petroleum, natural gas. There are also palm oil, coconut, rubber, biofuel, pine resin, shrimp, fish, crab, seaweed and salt.

Meanwhile, the sectors include minerals and coal with investment opportunities up to 2035 amounting to US$ 427.1 billion, petroleum and natural gas with investment opportunities up to 2035 amounting to US$ 67.6 billion.

As well as plantations, maritime affairs, fisheries and forestry, with investment opportunities until 2035 with a value of US$ 50.6 billion.

“It was only then that our per capita income was above US$ 10,000, now our per capita income is still below US$ 5,000, around US$ 4,700 – US$ 4,800,” said Bahlil.

Therefore, he continues to encourage the creation of quality jobs, with sufficient salaries, but also accompanied by good skills.

For the record, the Strategic Investment Downstream Roadmap is a follow-up to President Joko Widodo’s (Jokowi) direction to encourage economic transformation through the downstreaming and industrialization of natural resources in Indonesia.

[Gambas:Video CNBC]

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