President Joko Widodo’s state visits to South Korea and four European countries from 18 April 18 to 20 May proved quite fruitful. The Indonesian government secured investment commitments worth US$ 51.5 billion or IDR 700 trillion from the president’s state visits to the five countries. These investment commitments are for various sectors, including infrastructure, energy and industrial acceleration.
The largest investment commitment came from 12 business agreements with UK companies. Several major UK companies such as British Petroleum and GlaxoSmithKline have committed to investinga total of US$ 19 billion.
The government also secured investment commitments from South Korea (US$ 18 billion), Russia (US$ 13 billion), Germany (US$ 875 million), and the Netherlands (US$ 606 million).