February 14, 2025 | 01:45 pm
TEMPO.CO, Jakarta - A high-level Australian investment delegation concluded a working visit to Jakarta on February 13, 2025. This marked the largest mission to Southeast Asia since the creation of Investment Deal Teams, a recommendation of "Invested: Australia's Southeast Asia Economic Strategy to 2040."
At least 39 business leaders from 27 prominent Australian companies and investment firms spent four days exploring business opportunities and meeting with potential partners in Indonesia. They attended the Mandiri Investment Forum, hearing presentations from Indonesian Finance Minister Sri Mulyani and Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo.
The delegation also met with business leaders and key organizations, including the Indonesia Investment Authority (INA), the Indonesian Chamber of Commerce and Industry (KADIN), the Indonesia Business Council, Indonesian Health Minister Budi Gunadi Sadikin, and Indonesian Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono.
"Australia's trade and investment relationship with Indonesia is strong and growing thanks to five years of cooperation through our Comprehensive Economic Partnership Agreement," said Gita Kamath, Australian Chargé d'Affaires to Indonesia. "Australia is increasing its role in the region under 'Invested: Australia's Southeast Asia Economic Strategy to 2040,' including through missions like this, which are critical to both our countries."
Australia is currently the 11th largest source of foreign direct investment in Indonesia, with investment expected to grow by 34 percent by 2024.
Key Australian investments in Indonesia announced this week include the opening of a Western Sydney University campus in Surabaya. The Australian Development Investments (ADI) is also committed to investing US$8 million (Rp130 billion) in Indonesian venture capital firm AC Ventures for Climate Strategy.
Furthermore, Orica and Trifita Perkasa have partnered to build an AUD 20 million factory in East Kalimantan. This partnership is expected to create 50 highly skilled jobs in Indonesia.
“The quality and scale of this mission shows how important Indonesia is to Australian investors,” said Jennifer Westacott, Australia’s Business Champion for Indonesia, who led the delegation. She emphasized Indonesia's growing economy and noted that Australian investors recognize the current time as opportune for investment.
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