Prabowo Meets 12 Companies with US$16 Trillion in Assets
Investment Minister Rosan Roeslani has revealed that President Prabowo Subianto met with the heads of 12 global investment firms in the United States to discuss investment opportunities.
The face-to-face meetings focused on the Indonesian government’s efforts to maintain a stable economic climate for foreign investors.
“The President stated at the outset that Indonesia has long been known as a sleeping giant, but we must no longer sleep. Now is the time to wake up and work together to develop and advance progress in Indonesia,” Rosan said after accompanying the President in the United States on Friday (21/2).
The combined assets under management of these global business entities total US$16 trillion. The sheer scale of this capital has driven the government to work hard to convince investors of improvements to the domestic regulatory framework.
“If you add up all the assets under management, it comes to approximately US$16 trillion,” he said.
The allotted time for the high-level meeting had to be extended beyond its original schedule. The high level of enthusiasm in the discussions caused the dialogue to run twice as long as planned.
“The discussion was quite lengthy — roughly two hours, up from an initial estimate of one hour, because the discussions were very productive,” he explained.
The Head of State personally outlined the direction of national economic policy to the foreign executives. Prabowo provided assurances regarding legal certainty and regulatory consistency for business operators.
The presentation session was followed by specific one-on-one dialogues in turn. Each company representative provided input and outlined their technical requirements before committing capital to Indonesia.
The corporate leaders in attendance were principal decision-makers. The presence of chief executives and company presidents accelerated the initial negotiation process between both parties.
“We are also very pleased and appreciative because those who attended were genuinely at CEO or president level. They were not second-tier representatives,” he said.
The government is targeting fresh capital from these meetings to flow promptly into the real economy. Priority sectors on offer include infrastructure, renewable energy transition, and the digital economy.
The Ministry of Investment is now tasked with following up on the preliminary agreements reached. The government must ensure that investment commitments from these global corporations are converted into real capital flows for the country.