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Jakarta Post

Indonesia eyes European investment influx

  • Haeril Halim

    The Jakarta Post

Jakarta   /   Mon, April 25 2016   /  08:30 am

President Joko “Jokowi” Widodo’s recent visits to countries in Western Europe with strong gross domestic product (GDP) were all about economic diplomacy, securing a total of US$20.5 billion in foreign investment for Indonesia’s cash-strapped infrastructure, maritime, energy, minerals and financial sectors.

During the five-day trip on April 18-22, Jokowi, a former furniture businessman, carried out several key state visits. He spent 20 hours in Berlin on April 18, two days in London and one day each in Brussels and the Netherlands, before departing for Jakarta on Friday.

Offering marketing-style chitchat and colloquial speeches instead of formal presidential remarks, the marathon trip went from one business forum to another, as well as to numerous one-on-one business meetings, in Germany, the UK, Belgium and the Netherlands, to woo leading business players to invest ...