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Jakarta Post

PT SMI and its growing impact on Indonesia’s economy

Creative Desk (The Jakarta Post)
Jakarta
Tue, January 27, 2026 Published on Jan. 27, 2026 Published on 2026-01-27T14:53:37+07:00

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Courtesy of PT Sarana Multi Infrastruktur Courtesy of PT Sarana Multi Infrastruktur

I

ndonesia continues to face a persistent development financing gap, particularly amid rising infrastructure needs. Addressing this challenge requires innovative and sustainable funding sources to ensure the smooth implementation of national development priorities.

PT Sarana Multi Infrastruktur (SMI), has emerged as part of the solution by continuously strengthening its role as a catalyst for national development.

As of November 2025, this leading Development Finance Institution (DFI) and key enabler of Indonesia’s sustainable and inclusive economic growth had recorded cumulative financing commitments of Rp 265.75 trillion, supporting projects with a total value of Rp 1,166 trillion. These figures represent more than financial milestones; they reflect SMI’s expanding footprint in Indonesia’s social and economic transformation.

The institution’s financial contributions have translated into measurable economic impacts. In aggregate, SMI’s financing is estimated to contribute Rp 1,144 trillion, around 0.5 percent, to Indonesia’s gross domestic product (GDP).

In terms of employment, these projects have generated approximately 10.7 million jobs across various sectors, ranging from construction to long-term operations. These numbers underscore SMI’s strategic position in driving inclusive growth and strengthening the country’s economic foundations

Extending Beyond Infrastructure

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Courtesy of PT Sarana Multi Infrastruktur

SMI’s financing spans a wide range of vital sectors. In physical infrastructure, the company has supported the construction of 4,603 kilometers of roads and toll roads, significantly improving regional connectivity.

In the energy sector, projects backed by SMI have added 7.9 gigawatts of renewable energy capacity, contributing to Indonesia’s long-term sustainability goals. Logistics and mobility have also benefited, with 242 km of railway infrastructure and port facilities capable of handling up to 3.5 million TEUs.

Beyond connectivity, SMI’s projects address essential public needs. These include clean water supply systems with a capacity of 36.4 liters per second, waste management facilities processing more than 30 million liters annually and irrigation systems delivering 218 million cubic meters of water to agricultural land.

Social sectors have also seen significant impacts, with financing supporting 3,805 hospital beds and the development of 10,400 square meters of educational facilities. Traditional markets and industrial estates financed by SMI further provide space for small and medium enterprises (SMEs) to grow.

Aligned with the government’s long-term vision, SMI channels financing to priority sectors under the Asta Cita framework, including oil and gas, renewable energy, electricity, water supply, transportation, toll roads and social infrastructure.

As of November 2025, the company has been involved in financing 121 National Strategic Projects (PSN), marking its evolution from a financial intermediary into one of the key architects of Indonesia’s development agenda. Through its expanding role, SMI continues to help translate policy vision into tangible outcomes for communities across the archipelago.

Given this strategic role, it is essential for policymakers, development partners, investors and international stakeholders to understand SMI’s contributions and impact within Indonesia’s development financing ecosystem through official publications and institutional insights.

This article is produced by JP Creative team in collaboration with Sarana Multi Infrasturktur

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