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View all search resultsInfrastructure, renewables at center of Australia’s RI investment push
Canberra has been pushing firms to engage in high-growth markets in the region through a policy framework called “Invested: Australia’s Southeast Asia Economic Strategy to 2040”.
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Australian Assistant Minister for Foreign Affairs and Trade Matt Thistlethwaite is pictured at his office on Monday in Sydney, Australia. (JP/Aditya Hadi)
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n the wake of President Prabowo Subianto’s visit to Australia on Nov. 12, Canberra has renewed its push for local companies to invest more in Indonesia, particularly in renewable energy and infrastructure projects.
Assistant Minister for Foreign Affairs and Trade Matt Thistlethwaite said the government was eager to strengthen cross-border investment flows, pointing to Australia’s vast pension industry assets amounting to A$4.3 trillion (US$2.8 trillion) as of June.
Historically, those funds have gravitated toward North America and Europe, but the Australian government is now trying to redirect some of that capital into Southeast Asia, including Indonesia.
In 2023, Canberra rolled out a policy framework called “Invested: Australia’s Southeast Asia Economic Strategy to 2040”, aimed at nudging institutional investors toward high-growth markets in the region, such as Indonesia.
One of its key tools is the A$2 billion Southeast Asia Financing Facility, which offers loans, guarantees and equity aimed at unlocking clean energy and infrastructure projects across the region.
The Australian government also set up a new facility for infrastructure project preparation under the Indonesia-Australia Partnership for Infrastructure (KIAT). The program was launched in 2016 with projects like Revitalizing Informal Settlements and their Environments (RISE) in Makassar, South Sulawesi.
“Ports, airports, roads and rail, these are the kinds of projects Australian pension funds and investment banks have already backed in Southeast Asia. We’re looking for opportunities to support more of them,” Thistlethwaite said on Monday during an international media visit in Sydney, Australia.
