Indonesia is charting an ambitious growth strategy, targeting around USD 800 billion in both domestic and foreign investment over the next five years to support an 8% annual economic expansion by 2029, according to senior government officials. This investment ambition marks a significant step up from the previous decade and underscores Indonesia’s commitment to accelerating development, enhancing productivity, and creating high-quality jobs. The government is promoting opportunities across key sectors such as downstream natural resource processing, renewable energy, food security, healthcare, education, the digital economy, data centers, semiconductors, and the new capital city of Nusantara, while also offering attractive incentives for investors to foster innovation and skills training.

Officials emphasize that achieving this bold growth target will support Indonesia’s transition from a middle-income to a high-income economy, emphasizing that investment must be both large in scale and high in impact. Strategic reforms and streamlined regulations are intended to improve the business climate and attract global capital, driving long-term prosperity and strengthening Indonesia’s role in the global market.
Source:
https://en.tempo.co/read/2085435/indonesia-needs-us800bn-investments-by-2029-to-achieve-8-growth