Jakarta – Indonesia’s Minister of Investment and Downstreaming and Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, held meetings with five chief executives of major Australian companies in Sydney on Tuesday (11/11), as part of the official program accompanying the Indonesian President’s visit to Australia. The discussions focused on strengthening bilateral economic and investment cooperation between the two countries.
Rosan said economic relations between Indonesia and Australia continue to show positive momentum. Over the past five years, Australian investment in Indonesia has reached US$2.8 billion, primarily in the mining, hospitality, and healthcare sectors. Meanwhile, bilateral trade value in 2024 increased to US$15.4 billion, representing a 23.5 percent year-on-year growth.
“Through the Indonesia–Australia Comprehensive Economic Partnership Agreement (IA-CEPA), we are not only opening doors for investment, but also building long-term and sustainable collaboration. Indonesia is ready to transform into a regional hub for green and value-added investment,” Rosan said in an official statement on Thursday (13/11/2025).
The meeting was attended by Glenn Keys (Founder and Executive Chair of Aspen Medical), Stephen Wilmot (Chairman of Pure Battery Technologies), David Paton (Director of Managed Investment at AAM Investment Group), Matthew Boyall (CEO of Cue Energy Resources), and Chris Shepherd (CFO of Nickel Industries Ltd.). Discussions covered planned investments across healthcare, downstream processing, agriculture, and the oil and gas sector.
During the meeting, the five companies outlined their respective investment plans in Indonesia, including:
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Nickel Industries Ltd., which plans to expand its nickel processing facilities in Indonesia;
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Pure Battery Technologies, which will invest US$350 million in cathode material development at Batang Industrial Park;
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Cue Energy Resources, which intends to increase its investment in Indonesia’s oil and gas sector;
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AAM Investment Group, which plans to develop cattle farming operations in Lampung while actively participating in IA-CEPA workforce training programs; and
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Aspen Medical, which is exploring a potential US$1 billion investment to redevelop Samarinda Regional General Hospital.
Rosan also highlighted Government Regulation No. 18 of 2025, which allows business licenses to be issued automatically once the service level agreement (SLA) verification period has elapsed. The policy is designed to improve regulatory certainty and accelerate investment realization.
“To date, the Online Single Submission (OSS) system has issued 134 business licenses through the ‘positive fictitious’ mechanism, enabling investment processes to proceed more quickly and efficiently,” he explained.
In addition, Rosan identified three key sectors as priorities for future Indonesia–Australia investment cooperation. The first is natural resource downstreaming, including the development of electric vehicle battery ecosystems and solar panel manufacturing. The second is new and renewable energy, with an estimated potential of up to 3,700 GW from solar, wind, hydropower, bioenergy, and geothermal sources. The third is the healthcare sector, where national spending is projected to reach US$138 billion by 2040, supported by the development of healthcare special economic zones in Bali and Batam.
