Jakarta Opens Door to Singaporean Investment in TOD and MRT Projects

Jakarta is actively seeking investment from Singapore, particularly in its ambitious Transit-Oriented Development (TOD) projects and the expansion of its Mass Rapid Transit (MRT) system. Governor Pramono Anung met with Singaporean Prime Minister Lawrence Wong to present these opportunities, highlighting Jakarta as a gateway to Southeast Asia's largest market.

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Investing in Jakarta now means gaining access to one of the largest markets in Southeast Asia.

Anung emphasized that investments in Jakarta contribute not only to Indonesia's economic growth but also strengthen the broader ASEAN economy. He assured Singaporean businesses of the provincial government's commitment to fostering an investment climate that is easy, transparent, efficient, and consistent. Policy certainty, he noted, is crucial for building investor confidence.

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The flow of investment into Jakarta will contribute to Indonesia's growth, strengthen the ASEAN economy, and create added value for regional partners, including Singapore.

This meeting builds on existing cooperation between Anung and Wong, who previously worked together in national government roles. Anung, having served two terms as Secretary of the Cabinet, believes his experience can bridge national policies with local implementation, providing investors with the assurance they need. The collaboration aims to achieve shared success and promote sustainable urban development in Jakarta.

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We want Singaporean businesses to know that Jakarta is committed to facilitating investment, with clear rules, efficient processes, and consistent policies. I believe the trust and collaboration we strengthen today will lead us to shared success.