Jakarta, Armfalcon.com —
President Joko Widodo (Jokowi) invite the company Japan to invest in the development of the National Capital (IKN) Archipelago.
The invitation was conveyed in a CEO Meeting format meeting with a number of large Japanese companies on the sidelines of the G7 Summit in Hiroshima on Sunday (21/5) yesterday.
Besides the 24 companies, the meeting was attended by two Japanese financial institutions (JICA and JBIC) and four Japanese business associations (JETRO, JIBH, JBC, J-CODE).
The meeting resulted in five memorandums of understanding (MoU) between the IKN Authority and JICA, JBIC, JIBH, JCODE, and UR, and 24 documents stating the initial commitment to cooperation (LoI) between the IKN Authority and Japanese companies.
“The President has several times said that he is happy to work with Japan because the quality is good, but he hopes the price will be more competitive,” Foreign Minister Retno Marsudi said in an online briefing regarding the meeting, as quoted BetweenMonday (22/5).
During the meeting, explained Retno, Jokowi assured that Indonesia was one of those that could withstand the economic uncertainty that was currently happening in the world. This refers to the International Monetary Fund (IMF) which projects Indonesia’s economy to grow 5 percent in 2023 and 5.1 percent next year.
This means that Indonesia’s economic growth has the potential to be far above the average growth of the world economy and the G20.
“Therefore, the President said that investing in Indonesia is very promising. There is a strong commitment from the government to continue to improve the investment climate and competitiveness,” said Retno.
The Japanese government, said Retno, had also shown its commitment to supporting investment cooperation with Indonesia. This was also shown by the presence of Japanese Prime Minister Masafumi Mori’s adviser CEO meeting the.