Prabowo Visits North Maluku Today to Launch Rp180 Trillion Downstreaming Projects

Jakarta, CNBC Indonesia – President Prabowo Subianto departed for Central Halmahera Regency, North Maluku Province, to launch a downstreaming programme in the Indonesia Weda Bay Industrial Park (IWIP) area on Thursday (8/10/2026).

Cabinet Secretary Teddy Indra Wijaya said the agenda would include the inaugural export of electric vehicle batteries, as well as the launch of 11 industrial projects.

“Early this morning, President Prabowo Subianto departed for Central Halmahera, North Maluku, to launch a downstreaming programme worth US$10.2 billion, or around Rp180 trillion,” Cabinet Secretary Teddy said in a statement on Thursday (8/10/2026).

The Cabinet Secretary explained that the launch would include the commercial operation of four industrial projects and the commencement of construction on seven new industrial projects.

“The President will launch the inaugural export of electric vehicle batteries, inaugurate the commercial operation of four industrial projects, and begin construction on seven new industrial projects in the IWIP area,” Teddy said.

Accompanying the President on the flight to North Maluku were Coordinating Minister for Downstreaming and Energy Transition and Minister of Energy and Mineral Resources Bahlil Lahadalia, Coordinating Minister for Human Development and Culture Sugiono, State Secretary Prasetyo Hadi, and Minister of Housing and Settlement Areas Maruarar Sirait.