Jakarta: Global Infrastructure Partners (GIP) is interested to invest in Indonesia in 2020. GIP is a leading global and independent infrastructure investor.
GIP vice chairman Jim Yong Kim held a meeting with President Joko "Jokowi" Widodo at the Merdeka Palace in Central Jakarta on Friday, December 13, 2019. The former World Bank president discussed GIP's plan during the meeting.
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that GIP is interested to invest in three sectors. They are electricity, airport management and transmission management.
The former presidential chief of staff claimed that the total value of GIP's investment could reach USD3 billion. He added that the private equity fund would start the process next year.
"The president has instructed us to go ahead. The president and Jim Yong Kim are close friends," Luhut told reporters after the meeting.
The GIP official said that Indonesia's infrastructure and human resource development is in line with GIP's business. He believes that Indonesia's economic development is on the right track.
"I am optimistic about Indonesia and its government. We are in the initial phase of funding infrastructure development in Indonesia," Jim remarked.