Government simplifies investment process for smart city development – ANTARA News

The Indonesian Investment Minister, Bahlil Lahadalia, has announced plans to support investment in the country, including for the development of smart cities. The government has set a target of generating Rp1,400 trillion ($98.7bn) in investment to boost economic growth beyond 5%. The Omnibus Law has removed 79 regulations that could hinder investment, and the Online Single Submission (OSS) system makes permits easier to obtain. The government intends to support businesses that are keen to invest through collaboration with China, with an Indonesia-China Smart City Expo slated for May 2023. The expo will feature an exhibition, award ceremony, and conference, as well as an investment opportunity showcase and solution-matching forum. Teddy Sugianto, Head of the China Indonesia Association, INTI, expects the event to attract investment to Indonesia and drive the trend towards smart cities across the nation.