Indonesia Hunts For Investors for Projects Worth Hundreds of Billions

Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist.

All major projects will be offered to the private sector, Widodo, also known as Jokowi, Bloomberg Television’s Haslinda Amin on Saturday in an interview on a hilltop overlooking the picturesque Lake Toba. Government companies would partner with private investors only if there wasn’t enough interest among such players, with funding from the national budget the last resort, he said.