Indonesian Investment Minister Bahlil Lahadalia discussed investment in new, renewable energy (EBT) and hospital development during a meeting with Saudi Arabian Investment Minister Khalid A. Al-Falih recently.
“As per President Joko Widodo’s directive, Indonesia is very welcoming when it comes to investment, particularly in industry downstreaming and green economy that utilizes green energy and industry. We kicked off with mineral resources downstreaming. This is a significant opportunity, and I sought collaboration in investment between Saudi Arabia and Indonesia,” Minister Lahadalia said in the meeting that took place in Riyadh, Saudi Arabia, according to a statement received here on Friday.
The minister spoke about Indonesia’s initiative in mining sector downstreaming at the meeting. The effort — which was initiated four years earlier — began with the ban on nickel exports, he said.
The minister drew attention to the effort to encourage downstreaming of other mineral resources, which includes the ban on the export of such products —such as bauxite, copper concentrate, and tin — that will become effective in 2023.
Minister Al-Falih responded positively to the initiative and expressed his readiness to explore the prospect of investments with Indonesia in new and renewable energy and hospital development.
The Saudi Arabian minister also said that his country has a great connection with Indonesia, both in terms of economic and diplomatic relations.
Al-Falih commended Indonesia’s commitment to pursuing economic transformation through natural resources downstreaming with the objective of cutting dependency on raw materials.
The two ministers agreed that they can still explore investment opportunities that exist between them considering they still have plenty of potential to be tapped into.—Antara News
