Jakarta – Indonesia’s economic growth target of approaching eight percent in the next few years is considered highly dependent on accelerating large-scale investment accompanied by the creation of quality jobs.
Without a strong investment drive, high growth ambitions are considered difficult to achieve sustainably.
Minister of Investment and Downstreaming and CEO of Danantara, Rosan Perkasa Roeslani, stated that Indonesia’s investment needs in the next five years are estimated to reach around USD 800 billion, equivalent to IDR 13,478 trillion, by 2029.
This figure is an important prerequisite for driving the rate of national economic growth.
“For the next five years, we need to achieve investment of around USD 800 billion by 2029 if we want to achieve economic growth of around eight percent,” Rosan said.
Rosan emphasized that investment not only serves as a driver of economic growth, but must also be able to produce quality jobs.
Rosan believes that high economic growth without improving job quality will not have an optimal impact on people’s welfare.
“Investment plays a very important role and we need not only investment, but also quality jobs,” he said.
In an effort to strengthen investment flows, Indonesia and Australia signed a memorandum of understanding (MoU) on investment cooperation.
The signing was carried out by Rosan Roeslani and Australian Foreign Minister Penny Wong, witnessed by President Prabowo Subianto and Australian Prime Minister Anthony Albanese at the State Palace.
Rosan said the MoU serves as a structured collaborative framework to deepen bilateral investment relations through partnerships with Australian funding agencies and investment institutions.
This collaboration also includes long-term capacity building through education, skills development, and talent exchange.
“Beyond capital mobilization, this collaboration also emphasizes long-term capacity building through collaboration in education, skills development, and talent exchange,” Rosan said.
In addition, Danantara is also promoting the strengthening of the national strategic industrial sector. The Danantara Investment Management Agency is accelerating the transformation of PT Krakatau Steel (Persero) Tbk through upstream sector development, adding approximately 3 million tons of production capacity, which will soon enter the groundbreaking stage.
Danantara Chief Operating Officer Dony Oskaria stated that the move aims to strengthen the resilience of the national steel industry and reduce dependence on imports.
“Krakatau Steel has now entered a phase of financial health,” said Dony.
