"Indonesia-Malaysia Investment Forum 2024: Enhancing Strategic Partnerships and Seizing Indonesia's Investment Opportunities"

GEORGE TOWN,Malaysia,Nov. 13, 2024/PRNewswire/ -- The Ministry of Investment and Downstream Industry/BKPM, along with the Consulate General ofIndonesiainPenang, co-organized the Indonesia-Malaysia Investment Forum 2024 on Tuesday (5/11) at The Swiss Avenue Hotel in Kedah,Malaysia. The event aimed to strengthen economic ties betweenIndonesiaandMalaysiaby showcasing investment opportunities, fostering partnerships, and encouraging networking between Indonesian businesses and Malaysian investors. Kedah, with its growing investments in agriculture technology, food processing, and packaging, provided a perfect setting for the forum. The event featured panel discussions on the downstream industry, investment opportunities in the Nusantara New Capital, and the Batang Integrated Industrial Estate.

The Indonesia-Malaysia Investment Forum 2024 was attended by Malaysian business associations fromPenangand Kedah, as well as stakeholders from various sectors inIndonesia, including representatives from the Ministry of Investment and Downstream Industry/BKPM, the Indonesian Capital City Authority (OIKN), Batang Integrated Industrial Estate (KITB), as well as the Indonesia Investment Promotion Centre (IIPC)Singaporeand the Financial Attaché of the Indonesian Embassy inSingapore.

In his keynote speech, Saribua Siahaan, Director of Investment Promotion forSoutheast Asia,Australia,New Zealand, and the Pacific, highlighted how downstream investment could transform raw material exporters into competitive producers of value-added goods. He emphasized that, if managed sustainably, such investments could provide long-term economic and environmental benefits. Mr. Siahaan also mentioned the investment potential in Nusantara New Capital and the Batang Integrated Industrial Estate, noting their opportunities in renewable energy, infrastructure, advanced manufacturing, and downstream industries, with strategic collaboration offering significant prospects for economic growth and job creation.

On this occasion, US Pizza, the 3^rdlargest fast-food chain inMalaysia, signed an Investment Announcement as a form of its commitment to invest inIndonesia. US Pizza is committed to expanding its business, as it plans to open approximately 30 new outlets (stores) inIndonesiawith an investment value ofRM 10 million, or equivalent toRp 36.7 billion.

The Indonesian Consul General inPenang, Wanton Saragih, stated that the signing of the Investment Announcement demonstrated the Consulate's commitment to encouraging Foreign Direct Investment (FDI) intoIndonesia. He emphasized the Consulate's role in promotingIndonesia'seconomic potential toPenang, Kedah, and Perlis businesses.

The forum was followed by one-on-one meetings aimed to provide participants with personalized opportunities to discuss potential collaborations and explore investment opportunities offered.

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SOURCE Ministry of Investment/Indonesia Investment Coordinating Board