President Prabowo Subianto announced an increase in the first-phase downstream industrialisation projects from 21 to 30, aiming to create 8 million jobs. The Indonesian government is focused on both downstream and strategic upstream initiatives in sectors like agriculture and fisheries. A substantial investment of USD 40 billion has been allocated for these projects, which are expected to have a significant economic impact by generating export revenues and contributing to GDP growth.
Key Points
- Increase in Projects: First-phase downstream projects increased from 21 to 30.
- Job Creation: Approximately 8 million jobs anticipated from these initiatives.
- Investment: Initial investment set at USD 40 billion for the first phase.
- Strategic Sectors: Focus includes agriculture, fisheries, oil and gas, and mining.
- Long-term Goals: Aim to attract USD 618.1 billion in investments by 2040, with significant economic benefits projected.
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Source Link: https://www.bloombergtechnoz.com/detail-news/65996/prabowo-tambah-30-proyek-hilirisasi-buka-8-juta-lapangan-kerja
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