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🇮🇩 Indonesia /Economy & Trade

Why Prabowo and Putin Are Exploring Fertilizer and Shipbuilding Investments

From Tempo · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Indonesia and Russia are examining potential investments in fertilizer, energy, mineral resources and shipbuilding after a meeting between their presidents in Vladivostok.
  • Pupuk Indonesia signed a joint study with Russian counterparts on a possible urea fertilizer plant in Vladivostok.
  • Russia also offered Indonesia a vessel more than 102 meters long for processing fishery products at sea, prompting Jakarta to send a team to study its technology.

Indonesia is looking beyond its domestic market for new fertilizer opportunities, and Vladivostok has emerged as a possible destination. State-owned Pupuk Indonesia signed a joint study with Russian counterparts to assess the feasibility of building a urea fertilizer plant there.

The proposal followed a meeting between Indonesian President Prabowo Subianto and Russian President Vladimir Putin in Vladivostok on September 3. Investment and Downstreaming Minister and Danantara chief executive Rosan Roeslani said Pupuk Indonesia’s stronger performance and improved efficiency had opened the way for overseas investment.

At its core, together with the president director of Pupuk Indonesia, we have just signed a joint study to assess the potential for Pupuk Indonesia to invest in Vladivostok in urea fertilizer.

· Rosan RoeslaniHe described the feasibility study for a possible urea fertilizer plant in Vladivostok.

The location is a major attraction. Vladivostok sits on Russia’s Pacific coast and provides access to markets across the region, which Pupuk Indonesia has long regarded as one of its main areas of business. “Vladivostok is interesting because it faces the Pacific, which has long been one of Pupuk Indonesia’s main markets,” company President Director Rahmad Pribadi said.

We hope this can be a strategic step that will also strengthen our supply resilience and industrial resilience.

· Rosan RoeslaniHe explained the potential wider benefits of cooperation with Russia.

Rosan also presented the fertilizer plan as a way to strengthen Indonesia’s supply and industrial resilience. “We hope this can be a strategic step that will also strengthen our supply resilience and industrial resilience,” he said.

Shipbuilding was another area discussed by the two presidents, particularly in relation to Indonesia’s fisheries sector. Putin offered Indonesia an advanced vessel measuring more than 102 meters that could process fishery products directly at sea. Prabowo plans to send a team to examine the vessel’s technology and assess how it could be used in Indonesia.

Vladivostok is interesting because it faces the Pacific, which has long been one of Pupuk Indonesia's main markets.

· Rahmad PribadiHe identified the city’s Pacific location as a reason for considering the investment.
About this summary

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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