Bali Proposed as Indonesia's New Financial Hub to be Safe Haven for Global Investors
Bali Proposed as Indonesia’s New Financial Hub to be Safe Haven for Global Investors
09 Apr 2026 08:55 WIB
Voice of Indonesia
RRI.CO.ID, Jakarta – Indonesia plans to establish a special financial center to optimize its advantage as a safe investment destination amid global geopolitical tensions. Bali province, well-known for its culture and tourism, is being considered as a suitable option.
In his speech at a government working meeting in Jakarta on Wednesday, April 8, 2026, President Prabowo Subianto, explained that he reflected on data saying that Indonesia is among the safest nations if World War III happens.
“You know, the data is out now: if a Third World War breaks out, which countries would be safe? Well, Indonesia ranks among the top,” Prabowo said.
“Now, if you go to Bali, you’ll see how many Russians are there, how many Ukrainians are there,” he continued, noting people reside in Bali amid the Russo-Ukrainian war.
Prabowo said the idea has been proposed by the Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, for years. Luhut considered Bali as one of the most suitable locations.
“We have plan to create a special financial center. We are currently looking for a location, and Mr. Luhut has suggested Bali,” Prabowo said.
Prabowo assessed that the proposal is now increasingly relevant to realize, as he described Indonesia as one of the most attractive countries for global investors. He hopes the special financial center could attract investors who had previously planned to invest in the Middle East but reconsidered due to rising tensions in the region.
“It turns out that now the funds that were in the Middle East—where (are these investors) going to take them, ladies and gentlemen? Which countries are not at war right now? Think about it. Indonesia is one of the most sought-after (destination),” he claimed.
Various mainstream media outlets in Indonesia often cite the country as one of the safest countries during times of global conflict. Its geographic position, far from major conflict zones and spread across a vast archipelago, along with its abundant natural resources and its long-standing “free and active” foreign policy, are frequently mentioned as reasons.
Meanwhile, the Indonesian government is currently developing new economic centers outside the island of Java to reduce economic inequality across the country. To date, Statistics Indonesia records that Java contributes more than 58% of the nation’s GDP.
One of the major initiatives underway is the relocation of Indonesia’s capital to Nusantara, a planned city in East Kalimantan. Although it was initially built to serve as a new administrative center, the government hopes the city will also drive economic growth outside Java, including in eastern Indonesia.
“Nusantara is expected to become a catalyst for the growth of new economic centers on Kalimantan Island and in eastern Indonesia in general,” Director of Communication,Information and Economic Maritime of Communication and Information Ministry in 2023, Septriana Tangkary, as quoted from the ministry’s media arm Info Publik.
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