10/10/2026
Indonesia Unveils USD 10.2 Billion in New Industrial Investments
Indonesia has unveiled 11 downstream industrial projects worth around US$10.2 billion, or approximately Rp 180 trillion, at the Indonesia Weda Bay Industrial Park (IWIP) in North Maluku. The projects span nickel processing, aluminium, electric vehicle components, and battery materials, further expanding the country's industrial and downstreaming capabilities.
Four projects have begun commercial operations and recorded initial exports, including nickel mixed hydroxide precipitate (MHP), electrolytic aluminium capacitors, EV-based heavy equipment components, and battery materials such as nickel manganese cobalt (NMC) and lithium iron phosphate (LFP). Seven additional factories have also entered the groundbreaking stage.
The investment further strengthens Indonesia's position as a regional hub for mineral downstreaming, EV supply chains, and battery manufacturing. The expansion at IWIP reflects the country's continued push to attract large-scale industrial investment while adding more value to its domestic natural resources.
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