Jakarta, 25 April 2024 – Today, the Ministry of Investment/BKPM and the European Union (EU) Delegation to Indonesia unveiled the "Attraction Plan for EU Investment in Indonesia " at the Ministry of Investment (BKPM) premises. The launching event, organised with support from the EU-funded ARISE+ Indonesia programme, was officiated by Mr. Nurul Ichwan, Deputy Minister for Investment Promotion at the Ministry of Investment/BKPM, and H.E. Denis Chaibi, EU Ambassador. Ms PN Laksmi Kusumawati, Director of Trade, Investment and International Economic Cooperation, at the Ministry of National Development Planning (Bappenas), also provided insights during her address.
Developed in partnership with ARISE+ Indonesia, the plan aims to promote and attract a new wave of advanced and high-impact investments from Europe. It strategically aligns Indonesia’s competitive strengths and investment offerings with the needs and priorities of innovative EU companies in areas of shared importance to both economies, including renewable energy, life sciences, ICT and electronics, as well as cross-sectoral thematic areas such as the green, blue and circular economies, technology, digitalization, mobility and smart cities.
Deputy Minister Nurul Ichwan emphasized the Plan's importance, stating, "This plan is pivotal for effectively attracting more EU investment, particularly since EU is the fourth largest foreign investment source in Indonesia in the last five years. As an emerging market, Indonesia needs quality investments to drive economic growth and support global decarbonisation efforts. Advanced economies have a key role to play in supporting the green transition in emerging markets through investment cooperation, as addressing global challenges requires collective commitments and efforts. We seek to deepen our cooperation with the EU in quality investment and financing, trade and market access, supply chain integration, technology transfer, capacity building, and research and development."
EU Ambassador Denis Chaibi reflected on the growing economic relations, noting, "For over three decades, the EU has been a steadfast partner for Indonesia, supporting its economic growth and development. EU foreign direct investment in Indonesia has been robust, with investment stocks totaling more than EUR 19.3 billion. The Attraction Plan for EU Investment is an exemplary joint effort which illustrates our cooperation under the EU’s Global Gateway strategy to mobilise private sector investments and innovation. It will reinforce existing efforts from the EU to mobilise investments in Indonesia, including through the European Investment Bank and through a Team Europe approach involving finance institutions from EU Member States. We look forward to the implementation of this Attraction Plan to deliver a step change in the level of quality EU investments coming into Indonesia."
The launch event presented the overall framework of the Investment Attraction Plan, including key findings, prioritized segments and strategic actions that will underpin the Plan’s implementation both Indonesia and the EU. It also featured the official handover of the Plan and the co-signing of the Terms of Reference of the EU Desk at BKPM, which will be established to support the implementation of the Plan and assist EU investors throughout the investment stages – from exploration through to set-up and post-establishment services.
The event brought together high-level officials from various Indonesian ministries, the EU Delegation, ambassadors and representatives of EU Member States, and leaders from chambers of commerce and business associations.
A panel discussion titled "Leveraging Partnerships to Mobilize EU Investment into Indonesia" featured prominent figures such as Mr. Thibaut Portevin, Head of Cooperation, EU Delegation to Indonesia; Mr. Kurniawan Ariadi, Director for Financing Development, Ministry of National Development Planning/ Bappenas; Ms. Sri Endang Novitasari, Director of Investment Promotion for European and American Regions, Ministry of Investment/BKPM; Mr. Francois de Maricourt, Chairman, EuroCham; Mr. Didit Ratam, Deputy Chairperson of the European Standing Committee, Kadin Indonesia; and Mr. Alessandro Martinatto, Team Leader, ARISE+ Indonesia, discussing strategies to enhance EU investment in Indonesia.
