Prabowo Reveals Project Could Generate Rp284 Trillion for Indonesia

President Prabowo Subianto has set a target for the development of bauxite downstreaming into aluminium, which is expected to provide an economic value of up to US15 − 16billion, orapproximatelyRp283.6trillion(atanexchangerateofRp17, 730perUS), by 2030. The development of this industry is part of the government’s strategy to increase domestic value-add.

Prabowo stated that the government is currently encouraging the integrated development of the bauxite processing industry, moving from bauxite to alumina, and subsequently from alumina to aluminium.

“For example, if we build aluminium smelters in Indonesia, converting bauxite to alumina and alumina to aluminium, the increase is extraordinary—some by 32 times, others by 66 times, and we are currently working on all of these,” he said during a dialogue with senior journalists and experts in Hambalang, Bogor Regency, West Java, on Sunday (6/9/2026).

He estimates that bauxite downstreaming could generate an economic value of around US$15-16 billion by 2030. To realise this potential, Prabowo noted that the government anticipates an investment requirement of up to US$26 billion.

“A US$26 billion investment will create 229,000 new jobs. Our bauxite reserves are the sixth largest in the world,” he said.

Furthermore, Indonesia possesses significant capital to develop this industry as its national bauxite reserves rank sixth globally.

“Converting bauxite to aluminium for building materials offers a 36.9 to 40-fold increase in value-add that does not currently exist in Indonesia! This is our strategy, this is our goal,” he added.