Politics
Indonesia's top minister reveals Apple's huge investment plan in IKN, Bali and Solo
TEMPO.CO, Jakarta – Indonesian Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitanrevealed tech giant Apple's plans for a substantial investment in the country following the meeting between Tim Cook, Apple CEO and President Joko'Jokowi'Widodo at Merdeka Palace in Jakarta on Wednesday, April 17.
Luhut said that Cook perceived Indonesia constitutes a potential market, given its demographic bonus, its stable economic and macroeconomic growth and its good inflation rate.
“He (Cook) wants to invest in Indonesia and has ordered his staff to quickly follow through on this plan. The President ordered me to immediately respond to their investment plan which is quite large in Indonesia,” Luhut said in his Instagram video uploaded on Thursday, April 18.
Luhut, who was appointed coordinator of Apple's investment project in Indonesia, said the meeting was very productive. He added that Cook had expressed great interest in investing in the new capital or IKN in East Kalimantan, particularly in the field of artificial intelligence or AI.
“He is also interested in [opening] an AI center in Bali and Solo. He sees it as an opportunity for them to make an investment. With the downstream programs and raw materials we have, they consider Indonesia a very good country,” Luhut remarked.
Indonesia is eager to compete with Thailand and India in terms of Apple's market. investment. Therefore, Luhut pledged to offer the same incentives that the American company received from the two countries, or even more, as requested by President Jokowi.
Luhut and his team are currently working on a cooperation plan with Apple. “I hope we will have a technical meeting with the Apple team soon.”
ANNISA FEBIOLA
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