Jakarta – GreenBank Corporation of Japan has signed a Joint Venture Agreement with Wiraraja Strategic to invest in Wiraraja Green Renewable Energy & Smart Eco Industrial Park (GESEIP) on Galang Island, Free Trade Zone Batam, Riau Islands, with an investment value of USD 1 billion (approximately Rp 16.3 trillion).
President Director of Wiraraja Indonesia, Akhmad Ma’ruf Maulana, said in a statement in Jakarta on Saturday, May 24, expressed his appreciation for the full support provided by Bappenas, the Batam City Government, BP Batam, and the Riau Islands Provincial Government.
The government has listed the project as one of the national strategic projects (PSN), he noted.
The signing of this cooperation took place on the sidelines of a business forum titled “Regional Infrastructure Investment Opportunities for Economic Transformation” at the Indonesia World Expo 2025 Osaka Pavilion in Japan on May 22, as reported by Antara.
“We are confident and optimistic that Indonesia will continue to be the main destination for global investment and be able to compete competitively in the region,” Ma’ruf, who is also the Deputy Chairperson for Special Economic Zones (KEK), Industrial Zones (KI), and National Strategic Projects (PSN) of the Indonesian Chamber of Commerce and Industry, said.
“This joint commitment is a solid foundation in realising competitive and sustainable green industrial development,” he said.
The Indonesian Consul General in Osaka, John Tjahjanto Boestam,i said infrastructure, green economy, and industrial downstreaming are the core of the strategy towards Indonesia Emas 2045 (Indonesia Gold 2045).
“Today, we are witnessing an important evolution towards more decentralised and multilevel cooperation between Indonesia and Japan,” he said.
Expert Staff to the Minister of National Development Planning (PPN)/Head of Bappenas for Inter-Institutional Relations, Kurniawan Ariadi, noted that the Free Trade Zone and investment realisation in 2024 recorded investment of Rp47.26 trillion and offers great opportunities, especially in the energy, digital, and industrial area sectors. (Roffie Kurniawan)
Banner photo: Image generated by OpenAI’s DALL·E via ChatGPT (2024)
