Indonesia is participating in the Expo 2020 Dubai (DWE 2020), which is held in Dubai, United Arab Emirates between October 1, 2021, and 31 March 2022. Indonesia’s participation, aside from attracting potential foreign investors into Indonesian development projects, is also a way for the country to strengthen its image in the eyes of the international community through nation branding....
As one of Indonesia’s representatives to the Expo, the Ministry of National Development Planning/Bappenas is showcasing a variety of important themes at the Indonesia Pavilion, mainly the National Capital City (IKN) development project and various strategic projects involving Innovative Financing schemes.
These themes overall have four objectives. First is to present Indonesia’s achievements in fulfilling the United Nations’ Sustainable Development Goals (SDGs) and its best practices. Second, is introducing the vision and goals of the IKN project, particularly its focus to become one of the most sustainable capital cities in the world, as well as exploring the aspirations and potential for investment and participation from prospective foreign investors in the IKN’s development. The third objective is to introduce Indonesia’s Vision 2045 plans, which involve lifting the country out of the middle-income trap and become a high-income country, as well as become the fifth largest economy in the world with 70% of its population being in the middle class by 2045. The fourth is to introduce all the major development projects and other priority projects in Indonesia.
The Ministry of National Development Planning/Bappenas’ participation in DWE 2020 is also divided into four important stages. First is the Road to DWE, which is an online preliminary meeting program held on November 2021 with business entities and financial institutions of the United Arab Emirates and other Gulf states. The second is the One-on-One Meetings between December 4 to December 9 2021, which are hybrid meetings with investors done to establish intensive and exclusive discussions regarding investment opportunities in Indonesia’s infrastructure projects. The third is the Investor Gathering on December 7, 2021, which is a high-level forum aimed at enhancing relations between Indonesia and the UAE. The forum, titled "Indonesia and the UAE: Exploring Connections", is scheduled to be opened by the Minister of National Development Planning/Head of Bappenas Suharso Monoarfa and the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia. Finally, the fourth stage is the Business Forum held on Week I of the Ministry of National Development Planning/Bappenas’ visit between December 5 and December 9, 2021, with an audience including ministries/agencies, experts, development partners and non-governmental organizations, private sector businesses and the wider community.
The Indonesian Pavilion is located in the Opportunity District and will host various participants including 26 ministries/government institutions, 9 regional government representatives, and a number of private sector companies. Every week during DWE 2020, the participating Indonesian parties will present their best works from various sectors, from development to culture.
The Ministry of National Development Planning/Bappenas will introduce the world to Indonesia 2045 at the Expo 2020 Dubai (DWE 2020).
At this gathering of 190 countries and up to 25 million visitors, the Ministry of National Planning/Bappenas aims to strengthen Indonesia’s nation branding and will showcase the country’s grand plans for economic development. Indonesia will also show to the world its various investment opportunities for game-changing “priority” projects included in the Indonesian Economic Transformation plan and the Bali Economic Transformation Roadmap....
The Ministry of National Development Planning/Bappenas’ Deputy for Economic Affairs Amalia Adininggar Widyasanti will present the “Investment Opportunities: Economic Transformation Plans for Indonesia and Bali for 2045” at “Indonesia and The UAE: Exploring Connections” on December 7 2021 at 13:00-14:30 (GMT+4) or 16:00-17:30 Western Indonesian Time (WIB) at the Sofitel Downtown Hotel, Dubai.
Indonesia 2045 includes targets that involve Indonesia becoming a high-income country before the 100th anniversary of its independence, which will fall in 2045.
Indonesia 2045 outlines eight specific targets.
The first is to make Indonesia the fifth largest economy in the world, with the fifth largest gross domestic product (GDP). Second is that its middle class will become the driving economic force of change while the third is to ensure the country’s workforce or human resources become the backbone towards building a sustainable economy.
The fourth is to increase the role of foreign direct investment as one of the main sources of income for national development. Fifth is that Indonesia will open itself and play a larger role in international trade. Sixth, Indonesia becomes one of the leading creative economy and digital economies in the world. Seventh is to ensure government management in all sectors become more streamlined through bureaucratic and institutional reformation. And finally, the eighth, is to consistently engage in free and active international diplomacy in order to become one of the most influential countries in the Asia-Pacific region.
As it recovers from the Covid-19 pandemic, Indonesia continues to be committed to realizing the ideals laid out in its Indonesia 2045. To return the economy to pre-pandemic levels, Indonesia’s economy would need to grow above at least 6% per year, which can only be achieved through the implementation of policies that support conducive economic transformation.
The inclusive and sustainable transformation of the Indonesian economy is the main strategy in an effort to increase Indonesia’s economic growth to a higher level so that the goals of Indonesia 2045 could be realized effectively.
Indonesia’s economic transformation would need to rely on six major, game-changing factors, namely: 1) competitive human resources; 2) productivity of the economic sector; 3) policies that support green economy initiatives; 4) digital transformation; 5) domestic economic integration; and 6) relocating the capital city.
To achieve these goals, the government will be guided mainly by the United Nations’ Sustainable Development Goals (SDG).
As part of the strategy to implement Indonesia’s commitments and achievements in realizing sustainable development, the Ministry of National Development Planning/Bappenas is participating in the Expo 2020 Dubai (DWE 2020).
The United Nations’ Sustainable Development Goals (SDGs) will be one of 10 main Theme Weeks, at DWE 2020. The theme will be carried out by the Programme for People and Planet, who aim to create an environment that encourages the exchange of experiences and new perspectives in overcoming global challenges sustainably....
The Ministry of National Development Planning/Bappenas will contribute to the Today Zone: Vibrant Present a video that visualizes Indonesia’s infrastructure development journey with the concept of sustainable development. The Ministry will also contribute to the Future Ready program by conveying the hopes of the younger generation at the Children’s Pledge area, emphasizing the importance of inclusivity, participation, and sustainability.
Bappenas Week will be held between December 3 to December 9 2021, and will involve two activities related to the SDGs. The first will be the One-on-One Meeting with prospective investors held between December 5 to December 9 2021 to discuss possible innovative funding mechanisms by showcasing several potential infrastructure projects that can help Indonesia fulfill its SDG goals. Up to 29 projects and 7 project success stories are included in the “project digest” list, including infrastructure, social impact and other potential projects from seven organizations and institutions with a total investment value of US$535 million.
The second activity will be the SDGs Forum, which will promote Indonesia’s commitment and achievements so far in fulfilling the SDGs, held between December 6 and December 8 2021. The forum will involve three hybrid seminar batches which will involve various stakeholders.
The first batch, with the theme “Localizing SDGs – Indonesia’s Experience”, will be held on 13:00 – 14:30 (GMT+4) or 16:00-17:30 Western Indonesian Time (WIB), and will discuss SDG fulfilment experiences throughout several regions in Indonesia. The second batch, themed “Good Practices of SDGs Implementation by Non-Governmental Organizations (NGO) in Indonesia” will be held on 16:00-17:30 (GMT+4) or 19:00-20:30 WIB. Speakers from Bina Swadaya, the Gusdurian Network, the Kapal Perempuan women’s advocacy group, the 2030 Youth Force and Waste for Change will share their experiences in trying to fulfil SDG criteria in Indonesia.
The third batch, themed “Role of Philanthropy and Private Sectors on Multi-Stakeholders Partnership for SDGs Achievement”, will be held on December 8 2021 between 16:00-17:00 (GMT+4) or 19:00-20:30 WIB. This activity involves participants operating in philanthropy to share their experiences in fulfilling SDG criteria in their everyday operations, and also presents an opportunity to build networks with global philanthropy and business actors.
To help attract investor interest to invest in Indonesia’s development projects, mainly strategic projects included in the Innovative Financing scheme, the Ministry of National Development Planning/Bappenas is participating in Expo 2020 Dubai (DWE 2020).
The ministry’s participation in the DWE 2020 is one of their strategies to help fulfil the country’s economic growth target of 5.7% to 6% by 2045, which would require an investment figure up to Rp 35.212,4 trillion to Rp 35.455,6 trillion, of which Rp 6.45 trillion alone is needed to realize infrastructure projects running between 2020-2024....
Innovative Financing involves projects that are able to help push economic transformation and become success stories for infrastructure projects in Indonesia. Events on Innovative Financing will begin with the Road to Dubai World Expo 2020 program in November 2021 which will be held online. This meeting will serve as an initial communication effort between businesses and financial institutions to discuss the investment potential of priority and ready-to-offer projects before being taken further at the next program: the One-on-One Meetings at DWE 2020.
The One-on-One Meetings are very strategic discussions that will bridge discussions from the previous meeting and focus on partnership potentials in developing Indonesia’s infrastructure projects on a more specific level, forging closeness between businesses and policymakers/regulators. During this program, prospective investors will discuss with Indonesian government representatives about such projects as the Capital City of Indonesia (IKN) project, Sustainable Development Goals (SDGs) achievement efforts, and hybrid Innovative Financing schemes, and will take place between December 4 to December 9 at the Business Lounge of the Indonesian Pavilion at DWE 2020. These intensive discussions are expected to produce effective partnerships that will benefit Indonesia’s development.
Aside from the One-on-One Meetings, there will also be an Investor Gathering forum, a high-level discussion held by the Ministry of National Development Planning/Bappenas and the Ministry of Investment/Investment Coordinating Board (BKPM) to maintain positive economic relations with the United Arab Emirates, considering the fact that investments between the two countries have been strong for the past 5 years, especially in 2018 and 2019.
The forum, with the title “Indonesia and the UAE: Exploring Connections” will be held on December 7, 2021, with an opening session hosted by the Minister of National Development Planning/Head of Bappenas Suharso Monoarfa and Minister of Investments/Head of BKPM Bahlil Lahadalia. This forum is expected to become an important venue for company leaders and businesspeople to meet with policymakers and discuss the best strategies to improve partnership opportunities.
The Ministry of National Development Planning/Bappenas is participating in the Expo 2020 Dubai (DWE 2020), from October 1 2021 to 31 March 2022, to attract potential investors, business interests and international institutions to invest in various Indonesian development projects, including the New Capital City (IKN) project.
The construction of the IKN project will be conducted in phases using a collaborative government-to-business cooperation funding scheme (KPBU) and also partnerships with private sector entities....
As one of Indonesia’s main economic transformation strategies, the IKN project, which will move the nation’s capital city from Jakarta to East Kalimantan, will accelerate post-Covid-19 economic recovery efforts and achieve the goal for the Indonesia to become an upper-middle income country.
The Ministry of National Development Planning/Bappenas will hold three programs of the IKN project at DWE 2020. The first is the Panoramic Interactive Multimedia display which depicts the environment and the design of the capital city, creating an immersive atmosphere that pulls visitors right into the heart of the project.
The second is the One-on-One Meetings to bring together investors and private sector stakeholders, global financial institutions, and Indonesia’s international partners to discuss investment plans. This will also involve the utilization of several creative financing schemes for specific projects within the IKN, focusing mainly on the IKN’s surrounding infrastructure development, the government area infrastructure and developing the economic and industrial sectors within the IKN superhub.
The third is an interactive and thematic forum discussing the IKN from various themes including IKN as a Smart City, IKN as a Forest City, IKN as a Superhub and IKN as a Center of Talent and Education in the 21st Century. The IKN is being designed to become a digital-based Smart City as well as a future hub for education, tourism, business, and healthcare, improving the living standards of the population in the process. The development of the IKN Smart City can potentially serve as the benchmark for the development of other regional areas in the country.
The IKN’s Forest City will encapsulate the construction of a city that is designed in accordance with nature and will maintain the ecological function of the surrounding forests and ensure sustainable living. To do so, the IKN will focus on efforts to maximize carbon absorption efforts, maintain the region’s natural biodiversity, and run under a management plan that both preserves the environment and improves the standard of living.
The IKN as a Superhub will serve as the economic machine that will help push the Indonesian economy further into the future, becoming the catalyst for growth and inclusivity through 6 clusters which are: next-gen renewables, pharmaceuticals, sustainable agriculture, ecotourism, low carbon energies, and 2 enablers (21st-Century Education, and Digital/Smart City).
It will also feature a proper science-and-technology ecosystem which will focus on research and development towards the IKN’s 8 growth clusters. Partnerships between universities and academics, government research institutions, company research & development departments, industries, digital capability centers and also start-ups will accumulate ideas, receive the proper funding and involve quality talent. Furthermore, an educational cluster with a basis of teaching 21st-Century education methods and skills will also be constructed to strengthen the education sector to increase the size of job opportunities.
The capital city project will be constructed through the vision of being a “World Class City for All”, that has three main goals: to become the most sustainable city on Earth, to become a symbol of national pride, and to become a driver for the Indonesian economy for the future.
The IKN project, and the plan to move Indonesia’s capital city, was first declared by President Joko Widodo during his State Address at the House of Representatives (DPR) building on August 16, 2019.