Jakarta. Indonesia and China have agreed on 16 new investment projects worth a combined $2.19 billion (Rp36.4 trillion), spanning sectors from basic metals and seafood processing to advanced technologies such as drones, batteries, and artificial intelligence.

The projects form part of efforts to deepen bilateral industrial cooperation under the Twin Country-Two Park (TCTP) framework, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Monday.

“The projects cover a range of strategic sectors, including basic metals, meat and seafood processing, textiles, tea, furniture, drones, batteries, and artificial intelligence,” Airlangga said in a statement.

He said the Indonesia–China partnership holds significant economic potential, given the scale of both markets and their industrial capabilities.

“This is truly an important milestone that demonstrates how open and expansive collaboration between the two countries can be. It is a large market that offers opportunities for companies and for both nations,” he said.

The 16 projects follow up on a memorandum of understanding under the TCTP scheme, witnessed by Indonesian President Prabowo Subianto and Chinese Premier Li Qiang, and signed in May 2025 by Airlangga and China’s Commerce Minister Wang Wentao.

The TCTP framework is designed to promote downstream industrial development, facilitate cross-border investment, and integrate Indonesian and Chinese supply chains, particularly in manufacturing and resource-based industries.

Looking ahead, Airlangga said Indonesia is open to deeper collaboration in higher-value-added sectors.

“Indonesia welcomes broader cooperation in infrastructure, logistics, downstream industries, manufacturing, renewable energy, the digital economy, artificial intelligence, quantum computing, food security, healthcare, and human capital development,” he said.