Indonesia Eyes $618 Billion from Downstreaming 28 Commodities by 2040

Jakarta, VIVA – The Minister of Investment and Downstreaming, Rosan Roeslani, stated that the government's efforts to promote downstreaming for 28 natural resource (SDA) commodities in Indonesia require a significant investment.

The minister estimated that by 2040, the total investment needed would amount to $618 billion, or approximately IDR 9,810 trillion, assuming an exchange rate of IDR 15,874 per USD.

"The total investment needed by 2040 is $618 billion, and it will contribute to a GDP increase of $235.9 billion," Minister Roeslani said in South Jakarta on Wednesday (Dec 11).

Among the 28 commodities to be downstreamed are those in sectors such as minerals and coal, plantations, marine, fisheries, and forestry.

The potential for downstreaming in these sectors includes commodities like rubber, palm oil, shrimp, seaweed, and more.

"Additionally, there are commodities such as bauxite and seaweed," he remarked

The minister also detailed the allocation of the IDR 9,810 trillion investment, with $498.4 billion allocated for the mineral sector, covering coal, nickel, tin, copper, iron, bauxite, manganese, and others.

Furthermore, $68.3 billion will be allocated to the oil and gas sector, while $51.3 billion is designated for the plantation, marine, fisheries, and forestry sectors.

This significant investment is projected to generate over three million new jobs.

"The most important goal is creating jobs, projected to exceed three million. Additionally, exports are forecasted to reach $857.9 billion," the minister concluded.