Jakarta. Indonesia will need a staggering $784 billion (Rp 13,032 trillion) in investment to achieve 8 percent annual economic growth by 2029, Investment Minister Rosan Perkasa Roeslani said on Wednesday.

“That is the level of investment we expect to reach if we want to meet the 8 percent growth target by 2029,” Rosan said in his keynote address at the Investor Daily Summit 2025 held at the Jakarta Convention Center.

Rosan stressed that investment remains the primary driver of Indonesia’s economic expansion. Between 2014 and 2024, total domestic and foreign investment reached around Rp 9,117 trillion, reflecting steady growth despite global headwinds.

As of the third quarter of 2025, Indonesia has realized approximately Rp 1,400 trillion in investment, representing 74 percent of the government’s annual target of Rp 1,900 trillion.

Rosan highlighted the renewable energy sector as one of Indonesia’s most promising yet underutilized investment frontiers.

“Our opportunities in renewable energy are enormous,” he said. “Indonesia has committed to achieving net-zero emissions by 2060 -- or sooner if possible, as President Prabowo Subianto has said. But we cannot do this alone. We need cooperation and support from our international partners to make this energy transformation a reality.”

He noted that recent trade and investment agreements — including the Comprehensive Economic Partnership Agreements (CEPAs) with the European Union and Canada -- are expected to further boost foreign investment inflows into key sectors such as clean energy, manufacturing, and digital infrastructure.

This year’s Investor Daily Summit, themed “New Economic Order,” reflects the shifting global trade landscape, marked by U.S. protectionism, China’s growing economic influence, and the emergence of new global alliances in response to trade barriers imposed under Donald Trump’s policies.

“From the beginning, this forum has been dedicated to exploring and redefining Indonesia’s economic direction — discussing investment, growth, and the nation’s future,” said Enggartiasto Lukita, Executive Chairman of B-Universe Media Holdings, the parent company of Investor Daily.

Despite the turbulent global environment, Enggartiasto said Indonesia remains well positioned to play a leading role in the evolving economic order.

“With our abundant resources, strategic geographic location, and strong leadership, Indonesia has the potential to be a key player -- not just a spectator -- in the global economy,” he said.

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