In a significant boost to bilateral cooperation, Indonesia and China have inked three major investment deals totaling nearly $2 billion during the Indonesia-China Partnership Forum held in Jakarta. These agreements, aimed at enhancing collaboration in the sectors of renewable energy, manufacturing, and infrastructure, signify a deepening economic relationship between the two nations.
The most substantial of these agreements revolves around the creation of a 300-megawatt agrivoltaic solar power plant in North Sumatra, which is valued at approximately $1.35 billion. This groundbreaking project will integrate solar power generation with agricultural practices, positioning itself as one of the largest renewable energy endeavors in the region.
Further agreements were established between Indonesian food and beverage company Jobubu Jarum Minahasa and China’s Guangxi G. Taste Food Co., Ltd. Additionally, an agreement was made between Telkom Properti Indonesia and CNEC Engineering Indonesia, marking significant strides in fostering business ties between the two countries.
Djauhari Oratmangun, Indonesia’s Ambassador to China, emphasized the government’s objective to attract high-quality investments that would create employment, facilitate technology transfer, bolster domestic industries, and promote sustainable economic growth. He pointed out that renewable energy, electric vehicles, artificial intelligence, smart manufacturing, and green technology are pivotal sectors for future collaboration between Indonesia and China.
According to data from Indonesia’s Ministry of Investment, Chinese investments in Indonesia amounted to $38.34 billion from 2021 through the first half of 2026, resulting in the creation of over 500,000 jobs. This substantial level of investment underscores the significant economic contributions China continues to make within Indonesia.