Jokowi Thanks Macron for French Investment Commitments in Nusantara
New Delhi. President Joko "Jokowi" Widodo met with his French counterpart, Emmanuel Macron, on the sidelines of the G-20 Summit in New Delhi on Saturday to express his government's appreciation for France's investment commitments in Indonesia's new national capital, Nusantara.
In June, a delegation of executives from approximately 20 French companies, led by French Ambassador to Indonesia Fabien Penone, visited the construction site of Nusantara in East Kalimantan. Their visit aimed to gain a firsthand understanding of the ongoing megaproject aimed at relocating the capital from Jakarta.
In a post on Sunday on the social media platform X (formerly known as Twitter), Jokowi revealed that this visit resulted in the signing of four Letters of Intents for investments in Nusantara.
“I appreciate French investments in strategic sectors in Indonesia and delivered this message in person during the bilateral meeting with French President Emmanuel Macron in New Delhi yesterday,” Jokowi wrote.
He further acknowledged the role of the French Ambassador to Indonesia, noting: "I also extend my appreciation to the French ambassador for facilitating the visit of potential investors to Nusantara, which has resulted in four Letters of Intents to support the development of the new capital. We hope that these commitments will soon materialize."
According to the French Embassy in Jakarta, French companies have generated 54,000 jobs in Indonesia and contributed $506 million in direct investment in 2021.
In the period between January and September 2022, France ranks second among European Union countries in terms of the number of investment projects in Indonesia, with a total of 1,336 projects.
Tags: Keywords:
as a preferred
Related Articles
No Indonesian Involved in France Protests: Gov't
No Indonesian had participated in France's violent demonstrations, the government says.
Vice President Gibran to Begin Working From Nusantara This Year
Vice President Gibran Rakabuming Raka is expected to begin working from Nusantara’s new vice presidential palace later this year.
Lion Air Group to Build 30-Hectare Aircraft Maintenance Hub at Future Capital Nusantara
Lion Air Group plans a 30-hectare aircraft maintenance facility at IKN airport as Indonesia prepares to develop it into a commercial hub.
Author Apologizes to Prabowo, Macron Over Unauthorized Names in Nobel-Themed Paper
Dian Damayanti apologized for using Prabowo and Macron's names without authorization and asked for her Nobel-themed paper to be withdrawn.
Indonesian Parliament Approves $334 Million for New Capital Nusantara in 2027
Indonesia approves Rp6 trillion ($334 million) for Nusantara in 2027, keeping construction on track despite a lower-than-requested budget.
Prabowo Returns to Jakarta with $3.5 Billion French Deals
These French commercial deals cover the trade, energy security, and defense sectors, although not much is known about the details.
‘Bonjour, Monsieur’: Prabowo Wants Indonesian Schools to Teach French
This is not the first time for Prabowo to announce his plans to include foreign languages in Indonesia's curriculum.
France, Indonesia Mustn't Rely on Major Powers for Minerals: Macron
Macron told Prabowo that Indonesia and France must not work together to avoid relying on major powers for minerals and raw materials.
Foreign Minister Defends Prabowo’s Third France Visit This Year
Indonesia says Prabowo’s third trip to France this year was made in response to repeated invitations from Macron.
Indonesia and France to Upgrade Ties to Comprehensive Strategic Partnership
Indonesia and France are set to elevate bilateral ties as defense, energy, and technology cooperation deepen.The Latest
Ye Concert, Other Events to Draw 130,000 to GBK, Here’s What to Know
Around 130,000 visitors are expected at Jakarta’s GBK on Saturday as Ye’s concert and several major events take place.
Indonesia Allocates Rp 722 Billion for Year-End Flight Ticket Tax Relief
Indonesia allocates Rp 722 billion to cover domestic flight ticket VAT during the 2026/2027 Christmas and New Year holidays.
Greece Floats Shipbuilding Partnership with Indonesia
Greece says that it possesses “extensive expertise” as it woos Indonesia in shipbuilding partnership.
Indonesian Stocks Rally 4.9%, but Foreign Investors Keep Selling
Indonesia’s JCI rose 4.9% last week, but foreign selling and MSCI downgrade risks continue to cloud the market outlook.
Ye Concert in Jakarta to Deploy 2,000 Security Personnel
More than 2,000 personnel will secure Ye’s Jakarta concert on Saturday, as organizers urge fans to use public transport.Most Popular
