Master Plan for the Acceleration and Expansion of Indonesia's Economic Development (MP3EI)
On May 27, 2011 the Govenrment of Indonesia unveiled its "Master Plan for the Acceleration and Expansion of Indonesia's Economic Development (MP3EI)". The MP3EI aims to grow the Indonesian economy in order to reach "advanced economy" status by 2025. The plan focuses on 22 main economic activities and 6 economic corridors throughout the country. Moreover, MP3EI outlines strategies to strengthen national and international connectivity while enhancing human resource capacity. The plan is quite ambitious and reflects the current optimism in Indonesia today. Although the plan aims to significantly elevate Indonesia's economy and standard of living, it makes a number of assumptions that must be fulfilled to be successful. Additionally, policies related to MP3EI may affect businesses in unforeseen ways.
Implementation of MP3EI will include 8 main programs which consist of 22 (twenty two) main economic activities. The implementation strategy of MP3EI will integrate 3 main elements:
(1) Developing the regional economic potential in 6 (six) Indonesia Economic Corridors.
(2) Strengthening national connectivity locally and internationally;
(3) Strengthening human resource capacity and national science & technology to support the development of main programs in every economic corridor.
Based on stakeholders’ agreement the focus of development was classified into 8 main programs, i.e.: agriculture, mining, energy, industrial, marine, tourism, telecommunication, and the development of strategic areas. The eight main programs consist of 22 main economic activities.
22 Main Economic Activities:
Transportation Equipment, ICT, Shipping, Textiles, Food & Beverages, Steel, Defence Equipment, Palm Oil, Rubber, Cocoa, Animal Husbandry, Timber, Oil and Gas, Coal, Nickel, Copper, Bauxite, Fishery,
Tourism, Food Agriculture, Jabodetabek Area, Sunda Straits Strategic Area.
6 Economic Corridors of Indonesian:
a. Sumatra Economic Corridor
b. Java Economic Corridor
c. Kalimantan Economic Corridor
d. Sulawesi Economic Corridor
e. Bali – Nusa Tenggara Economic Corridor
f. Papua – Kepulauan Maluku Economic Corridor
For further information, please contact:
BKPM Representative office, Singapore
8 Temasek Boulevard, Suntec Tower 3, #33-03
Tel: +65 6334 4410
Fax: +65 6334 4891
Person-in-charge: Mr. M. Harri Santoso
E-mail: firstname.lastname@example.org, email@example.com
Consulate General of The Republic of Indonesia – Kuching
No. 21, Lot 16557, Block 11, Jalan Stutong, MTLD, 93350 Kuching, Sarawak
Tel: 082-460734, 461734
Fax : 082-456734
Posted Date: 26 Jan 2013