Prabowo Reaffirms Commitment to Protect All Investment in Indonesia

Jakarta (ANTARA) — President Prabowo Subianto reaffirmed the government’s commitment to respecting and safeguarding all investment in Indonesia, whether from domestic or foreign sources.

“I hereby affirm the commitment of the Government of the Republic of Indonesia to respect and safeguard all investment, from wherever it comes, that is made in the land of Indonesia,” Prabowo said on Thursday at the launch of a downstreaming programme at the Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera Regency, North Maluku.

Prabowo said the government was committed to maintaining partnerships with investors who had placed their trust in Indonesia and were working together to build prosperity and well-being.

According to the President, protecting partners who had put their faith in Indonesia was a matter of national honour.

“It is a matter of honour for the Indonesian nation to look after our partners,” he said.

The President also described those who trusted Indonesia and were willing to work together in new areas as brothers and sisters.

At the event, Prabowo launched a US$10.2 billion (around Rp180 trillion) downstreaming programme, which included the first export of electric vehicle batteries and the launch of 11 downstreaming projects.

The 11 projects comprise the commercialisation of four industrial projects and the development of seven new industrial projects at the Indonesia Weda Bay Industrial Park.

Prabowo said that, according to a report from the Investment Minister, realised investment at IWIP had reached around US$20 billion, with a further US$7 billion in investment planned for the future.

Development of the industrial park was also reported to have created more than 100,000 jobs.

Prabowo welcomed cooperation between companies and domestic and overseas partners, expressing hope that the partnerships would strengthen relations and benefit the people of Indonesia and partner countries.

“Thank you for your partnership and trust. May our partnership and friendship bring our two nations closer together and deliver ever greater benefits for our people,” Prabowo said.