Indonesia and China have entered into three significant investment agreements totaling around $2 billion during the recent Indonesia-China Partnership Forum held in Jakarta. These deals are set to bolster cooperation in sectors such as renewable energy, manufacturing, and infrastructure. A key highlight is the plan to develop a 300-megawatt agrivoltaic solar power plant in North Sumatra, which is valued at approximately $1.35 billion. This ambitious project will blend solar energy production with agricultural uses, positioning it as one of the largest renewable energy ventures in the region.
Among the agreements, Indonesian food and beverage company Jobubu Jarum Minahasa sealed a deal with China’s Guangxi G. Taste Food Co., Ltd. Additionally, Telkom Properti Indonesia has partnered with CNEC Engineering Indonesia for further collaboration. These partnerships underscore a growing synergy between Indonesian and Chinese companies, aiming to leverage each other’s strengths in various industries.
Djauhari Oratmangun, Indonesia’s Ambassador to China, emphasized the government’s goal of attracting high-quality investments that can generate employment, facilitate technology transfer, and reinforce domestic industries. He pointed out that the focus areas for future Indonesia-China collaboration include renewable energy, electric vehicles, artificial intelligence, smart manufacturing, and green technology, reflecting a commitment to sustainable economic development.
The Ministry of Investment of Indonesia reports that Chinese investments in the country have reached $38.34 billion from 2021 to the first half of 2026, leading to the creation of over 500,000 jobs. This influx of capital highlights the strengthening economic ties between the two nations and their shared vision for growth and development.