JIF 2024 Expected to Boost Investment in Jakarta

The Jakarta Investment Center (JIC) Executing Unit synergizes with the Bank Indonesia Jakarta Representative Office to hold the Jakarta Investment Festival 2024 (JIF).

This promotes Jakarta's role to the public

The series of biggest investment festivals in Jakarta will be held from June to September 2024.

Jakarta PMPTSP Agency Head, Benni Aguscandra said this year JIF carries the theme 'Global City Notion for a Golden Nation'.

Holding JIF 2023, City Invites Investors to Support Jakarta towards Global City

According to him, this theme was taken in line with the proposed Jakarta theme in the draft 2025-2045 Regional Long-Term Development Plan (RPJPD), namely 'Jakarta Competitive Global City' and the draft 2025-2045 National Long-Term Development Plan (RPJPN) regarding the vision of a Golden Indonesia.

"The theme carried by JIF this year is in line with the vision of Jakarta as a Global City following Law Number 2/2024 on the Special Region of Jakarta, and also contributes to the success of the national vision, namely a Golden Indonesia in 2045," he expressed, Thursday (6/20).

He explained the JIF 2024 event would present a series of activities ranging from networking sessions, workshops, seminars, project exhibitions, to business matching.

He hoped that it could increase investment in Jakarta to promote and strengthen Jakarta's role as a national business and economic center as well as a global city after the transfer of the Indonesian capital to the Nusantara Capital City (IKN).

"This promotes Jakarta's role to the public after no longer having the status of Capital City, namely Jakarta as an investment-friendly Global City, as well as promoting Jakarta's investment projects to potential investors from within and outside the country," he explained.

It offers 35 infrastructure projects with a total value by Rp 325 trillion from 10 BUMDs and BLUDs in Jakarta which are open to collaborative private and government sector investment from within and outside the country.

"Investment projects that can be collaborated with potential investors include projects owned by BUMD, BLUD in the transportation, and infrastructure sectors, as well as collaborative project initiatives with private parties in the property, tourism, telecommunications, and secondary economic sectors," he explained.

Jakarta Investment Centre (JIC) Management Unit Head, Tona Hutauruk explained this time's event was a little different from previous years. The series of activities held were more diverse and had a wider impact.

Aside that, it would also invite potential national and international partners to participate in Jakarta's future development.

He assessed that it would also open the world's eyes that Jakarta is a city full of opportunities, not only offering a business and investment-friendly environment but also a large and potential market.

"Our hope is it can work well, also increase awareness and promote Jakarta to the outside world, that Jakarta is a city you want to invest in, is still business and investment friendly, and continues to strive towards becoming a Global City," he added.

The following is the JIF 2024 series which consists of seven activities held from June to September 2024:

1. JIF Networking Night (June 19, 2024)

2. Unlocking Capital for Sustainability (UCFS) Indonesia with theme “Integrating Sustainable Finance: A Nation in Transition” (20 Juni 2024)

3. JIF Talks 1 with theme “Capitalizing on Government Asset in Jakarta” (June 27, 2024)

4. JIF Class with theme “Carbon Trade 101 in Indonesia” (July 4, 2024)

5. JIF Exhibition 1 (July 9 to 10, 2024) & JIF Exhibition 2 (August 1 - 2)

6. JIF Talks 2 with theme “Optimizing Digital Economic Investment in Jakarta” (August 5, 2024)

7. JIF Summit with theme “Global City Notion for A Golden Nation” (September 6, 2024)

In the JIF 2024 event, ten Jakarta BUMDs and BLUDs are ready to offer their flagship projects. They are PT MRT Jakarta, PT Moda Integrasi Transportasi Jabodetabek (MITJ), PT Jakarta Propertindo (Jakpro), Perumda Sarana Jaya, PT Pembangunan Jaya Ancol, Perumda PalJaya, PT Jakarta Tourisindo (Jakarta Experience Board), PT Jakarta Industrial Estate Pulogadung (JIEP), Perumda PAM Jaya, and Jakarta Asset Management Centre (JAMC).

The projects being offered include: mixed-use development in Blok M, Jakarta LRT Phase 2A, Palm Court Apartments, East Ancol, as well as a Hotel and E-Sport Academy.

Besides development, the project also offers investment collaboration in the form of JIEP industrial area management cooperation and utilization of idle government assets such as Bulungan Sports Hall and Kampung Rambutan Terminal.

Further information regarding JIF 2024 activities, can be accessed via the website invest.jakarta.go.id/jakarta-investment-festival.