JAKARTA – The Indonesian government is prepared to facilitate USD 10 billion (approximately IDR 162 trillion) in investment from China, following an agreement reached at the end of last year.

Rosan Roeslani, Minister of Investment and Downstreaming, said that part of the committed investment has already begun. “These are new projects,” Rosan said after welcoming Chinese Prime Minister Li Qiang to Indonesia over the weekend.

According to Rosan, the new projects will involve both private companies and state-owned enterprises (SOEs) from China and Indonesia.

“The Ministry of Investment will oversee the projects to ensure they proceed smoothly and meet expectations,” said Rosan.

It is worth noting that the Chinese PM arrived in Indonesia on Saturday (24/5), accompanied by dozens of business delegates. Some of these entrepreneurs have already invested in Indonesia, while others are still exploring potential opportunities.

The sectors targeted by Chinese investors in Indonesia range from transportation to mining.

In transportation, Chinese investors plan to develop railway carriage projects. In the mining sector, they will participate in mineral downstreaming initiatives, particularly to support the electric vehicle ecosystem. (KR/ZH)