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Indonesia targets $66b in foreign investment for 2023, up 7.5% from 2022

/ News / By WTI Admin

Indonesian Chamber of Commerce and Industry chairman Arsjad Rasjid said Indonesia can establish itself as a base for building batteries required for EVs. PHOTO: YUSUF YANUAR

SINGAPORE – Indonesia, South-east Asia’s largest economy, is targeting nearly US$49 billion (S$66.2 billion) in foreign direct investment (FDI) this year, about a 7.5 per cent increase over inflows for 2022, said the chairman of the Indonesian Chamber of Commerce and Industry.

In a recent interview with The Straits Times, Mr Arsjad Rasjid, 52, said that despite macroeconomic headwinds, the country was confident of hitting its target, due to its stable economic and political landscape.

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Indonesia targets $66b in foreign investment for 2023, up 7.5% from 2022

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