Prabowo Introduces 18 Strategic Projects to American Investors
Jakarta (ANTARA) – President Prabowo Subianto introduced 18 strategic downstreaming projects to American business leaders in Washington on Wednesday, underscoring the government’s drive to accelerate economic transformation and reduce dependence on raw material exports.
Speaking at a Business Summit hosted by the US Chamber of Commerce, Prabowo said the projects reflect Indonesia’s push to expand domestic processing industries, strengthen value-added production, and enhance national industrial competitiveness.
“We have just launched 18 downstreaming projects this year,” Prabowo said, adding that the initiatives are designed to boost industrial capacity, create jobs, and strengthen the country’s economic structure.
The projects span a wide range of sectors including aluminium smelting, stainless steel, copper processing, chemical-grade alumina, iron and steel, coal gasification to dimethyl ether, solar modules, oil refining, oil storage, asphalt, oleochemicals, bio-jet fuel, seaweed processing, coconut-based industries, carrageenan, manganese sulphate, chlor-alkali plants, and aquaculture processing.
Prabowo also noted that the government is preparing a US$3 billion waste-to-energy project to strengthen environmental management whilst bolstering national energy resilience.
He added that the sovereign wealth fund, Danantara, will serve as the primary vehicle for financing and accelerating the implementation of these downstreaming projects.
Prabowo said strengthening the processing industry is essential for Indonesia to move up the global supply chain and position itself as a competitive manufacturing hub.
“We are moving very quickly across all these sectors, and we see Indonesia not only as an attractive market but also as a production base and strategic partner in the region,” he said.
The government is also accelerating the development of supporting infrastructure, including ports, airports, and toll roads, to improve logistics efficiency and investment competitiveness.
Prabowo stated that the downstreaming push is closely linked to Indonesia’s energy transition agenda, with a commitment to expanding renewable energy, electric vehicles, and green industries through a pragmatic, capacity-based approach.