President Prabowo Launches 11 Downstream Projects with a Total Investment of Rp180 Trillion in North Maluku

Upon arrival at the IWIP area, President Prabowo first inspected several industrial facilities en route to the event. These facilities included battery raw material (precursor) industries , nickel processing, and aluminum manufacturing facilities.

Before heading to the main event venue, President Prabowo also visited Wisma Tsingshan to view a booth offering information about the IWIP area. During the event, President Prabowo received an explanation of several achievements and developments within the industrial area, including the development of the industrial ecosystem and past and ongoing investments.

In his report, the Minister of Investment and Downstreaming/Danantara CEO, Rosan Perkasa Roeslani, stated that the series of projects launched included a number of industries that had entered the commercialization stage as well as new projects that would soon be built.

"This is moving from nickel-based battery materials, then battery projections, aluminum electrolytes, and electric-based heavy equipment, which are all already completed," he said.

"Then, the groundbreaking will be for nickel-based battery materials, EV battery separators, and this is the first of its kind. EV battery electronics, and also electronic aluminum, there are two types of electronic aluminum, and also electric-based heavy equipment that will be built for trucks, mining, and industry, and also photovoltaic glass for the solar energy industry ," Rosan continued.

In his remarks, President Prabowo explained that the downstream projects comprise four industrial projects that have entered the commercialization phase and seven new industrial projects that have begun construction. All of these projects are part of the development of a downstream ecosystem in the IWIP region, which is aimed at increasing the added value of domestic natural resources.

"Today, we will launch the first export of electric vehicle batteries. We will also launch 11 downstream projects, including the commercialization of four industrial projects and the commencement of construction of seven new industrial projects in this area, the Indonesia Weda Bay Industrial Park," said President Prabowo.

President Prabowo emphasized that the development of downstream industries is part of the government's efforts to optimally manage Indonesia's natural resources. According to the President, Indonesia's natural resources must be processed and developed domestically to provide greater added value for the welfare and prosperity of the people.

"We recognize that Almighty God has bestowed upon us a gift of immense and valuable natural resources. However, we must manage these resources well so that they can benefit the well-being and prosperity of our people and nation," said the Head of State.

Also present on the occasion were Coordinating Minister for Economic Affairs Airlangga Hartarto, Coordinating Minister for Human Development and Culture Sugiono, Coordinating Minister for Downstream and Energy Transition and Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia, and Chairman of the National Economic Council (DEN) Luhut Binsar Pandjaitan.

Also present were Minister of Investment and Downstreaming/CEO of Danantara, Rosan Perkasa Roeslani, Minister of Housing and Settlement Areas (PKP) Maruarar Sirait, Minister of State Secretary Prasetyo Hadi, Cabinet Secretary Teddy Indra Wijaya, National Police Chief General Suyudi Ario Seto, Governor of North Maluku Sherly Tjoanda, and Chairman of Tsingshan Industry Xiang Guang Da.