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Indonesian Investment Forum convenes in Dubai

by Dubai Forum
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DUBAI, 9th March, 2023 (WAM) – A Forum promoting investment prospects in Indonesia convened in Dubai today.

It’s hosted by Bank Indonesia in synergy with KJRI Dubai, the Embassy of the Republic of Indonesia in Abu Dhabi, the Indonesia Investment Promotion Centre (IIPC) of the Ministry of Investment of the Republic of Indonesia and the Indonesian Trade Promotion Centre (ITPC) of the Ministry of Trade of the Republic of Indonesia, in Dubai-United Arab Emirates.

The two-day Indonesian Investment Forum in Dubai (IIFD) 2023 offers various activities to embrace Indonesia’s potential, including presentations of several investment project opportunities (IPRO), Indonesian Night in Dubai, featuring the IN2MOTION FEST modest fashion show, as well as the Indonesian MSMEs Exhibition, including under BI partnership.

Entitled Unlocking Indonesia’s Potential, IIFD aims to unlock various opportunities to attract foreign direct investment (FDI), while simultaneously expanding markets for export-oriented products. IIFD also included as side events of Indonesia’s ASEAN Chairmanship in 2023. Previously, Road to IIFD event has selected seven strategic investment projects.

In his speech, BI Governor Perry Warjiyo outlined three important reasons why investors should invest in Indonesia. “First, Indonesia has shown the best post-pandemic economic performance. Economic fundamentals in Indonesia are solid, with optimised digitalisation. Indonesia has monetary and financial stability, which’s why circumstance is good for investment,” he said.

“Second, strong national economic policy. With a strong leadership, Indonesia has an agile government policy, including sound fiscal and monetary coordination. Thus, the State Revenue and Expenditure Budget (APBN) is considered relatively optimal to dampen emerging economic shocks. This will further facilitate trade and investment. In addition, the government continues to institute structural transformation of the real sector through mining and agricultural downstreaming, as well as the green and inclusive economy.

“Third, Bank Indonesia supports investment with policies, using a pro-stability and pro-growth policy mix to support a conducive investment climate. This includes, for example, policy incentives for banks to channel financing to priority sectors as well as support MSMEs development and digitalized them, while BI also promoting integrated, interoperable and interconnected payment systems for greater convenience. Moving forward, cross-border payment transactions will become simpler through cross-border payments, Local Currency Transactions and the Digital Rupiah.”

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