The postponed Expo 2020 Dubai is finally open on October 1, 2021. With the theme of “Connecting Minds, Creating the Future”, the expo also has three subthemes with its own districts: Opportunity, Mobility, and Sustainability. Not an occasion to be missed, Indonesia’s participation aims to present stories of our growth and vision for a sustainable future. Taking place in the Opportunity District, the Indonesian Pavilion brings the narrative of “Creating the Future from Indonesia to the World”.
Historically, the World Expo has always been a place to showcase the greatest innovations that have shaped the world today. For Indonesia, the event provides a significant opportunity to exhibit our plans for innovation and attract investors who share the same vision. Throughout Expo 2020, Indonesia holds weekly thematic events. There are fashion shows and dance performances, as well as a periodic exhibition of more than 300 export-ready products from local MSMEs ranging from traditional food, fashion items, unique fabrics, to handicrafts made by Indonesian artisans.
On the investment front, the Ministry of Investment/Investment Coordinating Board (BKPM) aims for an investment realization with an amount of IDR1,200 trillion by next year. The target is a part of the government’s plan to realize an economic growth of 5.4% to 6% in 2022. The prioritized sectors to achieve the goal include tourism, creative economy, renewable energy, infrastructure, manufacturing, and mining. BKPM’s Deputy Chairman for Investment Planning Nurul Ichwan stated that Indonesia should also engage in innovative development since it has an ever-increasing investment target each year. In particular, the renewable energy and manufacturing sectors are expected to garner attention from the Middle East market.
Indonesia’s participation in Expo 2020 also highlights the capital relocation project as a part of the Vision of Indonesia 2045, which needs to be supported by developments in the infrastructure sector. In total, Indonesia requires USD340 billion to build national infrastructure, of which only 30% is able to be covered by the State Budget. There are ten public-private partnership infrastructure projects with a value of USD9,2 billion that the Ministry of Public Works and Housing (Kementerian PUPR) offer to investors—9 toll road projects and 1 dam project. Investment in infrastructures relating to tourist destinations is also important and potential.
To communicate the nation’s visions for development and investment schemes, the Indonesian Pavilion holds business forums, investment clinics, and one-on-one meetings which introduce Indonesia’s potential as well as ease of investment access.
The Indonesian Pavilion also launched a program called Indonesia Spice Up the World (ISUTW) on November 4, 2020. It is a specific program to bring attention to Indonesian spices and dishes, to boost the value of export for local spices.
To further facilitate investments, BKPM also developed One Single Submission (OSS) administrative portal, which allows business players to acquire a business license with more efficiency in regards to the Indonesian bureaucratic process.
As of December 10, the Indonesian Pavilion has been visited by over 370,000 visitors. With continued attention towards Indonesia’s vision and promising outlook, it is hoped that the Indonesian Pavilion at Expo 2020 can bring greater interest to our nation—which can increase investment opportunities as well as benefits for both the nation and investors.