ASIATODAY.ID, JAKARTA – The Jakarta Provincial Government has set an ambitious target: Jakarta aims to enter the world’s top 50 global cities by 2029.
The goal was reaffirmed by Jakarta Governor Pramono Anung after attending the launch of the Indonesia City Investment Accelerator (ICIA) during the Indonesia Economic Summit (IES) at the Shangri-La Hotel, Central Jakarta, on Tuesday, February 3, 2026.
Governor Pramono emphasized that Jakarta is being repositioned from a purely administrative capital into a competitive, investor-friendly, and globally connected city.
“Jakarta is currently ranked 71st globally, up from 74th previously. This year, we aim to break into the top 60 as a stepping stone toward entering the world’s top 50 global cities by 2029,” Pramono said.
Three Pillars Driving Jakarta’s Global Push
To achieve this target, the Jakarta Provincial Government has identified three core pillars. These include sustainable infrastructure development, human capital enhancement, and the creation of a transparent and open business ecosystem.
According to Pramono, trust is the most critical currency in global urban competition.
“We want the international community and investors to have confidence and trust in Jakarta. Without trust, development and investment will not move forward optimally,” he stressed.
Economic Resilience Amid Global Uncertainty
Despite global economic uncertainty, Jakarta’s economy has shown resilience. In the third quarter of 2025, Jakarta recorded year-on-year economic growth of 4.96 percent, reflecting its strong competitiveness amid urban and global pressures.
Investment performance has also remained robust. Throughout 2025, cumulative investment in Jakarta reached US$16.9 billion, marking an increase of approximately 12 percent compared to the previous year.
“Even amid global uncertainty, investment in Jakarta continues to rise. This clearly shows that confidence in Jakarta remains high,” Pramono said.
Public Transport as the Backbone of a Global City
Strengthening public transportation is a cornerstone of Jakarta’s transformation. The provincial government continues to expand MRT and LRT networks, while extending TransJakarta services across the Greater Jakarta (Bodetabek) region.
These efforts not only improve daily mobility but also enhance regional connectivity and unlock new economic opportunities.
As a result, Jakarta ranks 17th out of 50 cities worldwide for public transport systems, according to the Time Out 2025 survey.
“Public transportation is the backbone of any global city. This ranking confirms that Jakarta’s reforms are moving in the right direction,” Pramono noted.
Beyond transport, Jakarta is accelerating Transit-Oriented Development (TOD) projects such as Blok M Hub, while expanding access to affordable housing through public housing and vertical residential programs.
Rolling Out the Red Carpet for Global Investors
On the investment front, Jakarta has launched the Jakarta Investment Master Plan 2025–2045, streamlined 44 types of business permits, and introduced incentives for sustainability-oriented investors.
Flagship initiatives such as the Jakarta Investment Festival and Investment Project Ready-to-Offer programs have been designed to strengthen investor confidence and visibility on the global stage.
Jakarta has also introduced the Jakarta Collaboration Fund, an innovative financing mechanism aimed at supporting strategic development projects without overburdening the regional budget.
“The Jakarta Collaboration Fund is not merely a financing instrument; it is a foundation for Jakarta’s fiscal resilience,” Pramono explained.
Toward a Sustainable Global City
Governor Pramono expressed hope that the IES forum and the launch of ICIA would deepen collaboration between government, the private sector, and international development partners.
Such cooperation is expected to accelerate the creation of a sustainable urban investment ecosystem, aligned with Indonesia’s Golden Vision 2045.
“Our objective is clear: to build Jakarta into a globally competitive and sustainable city,” Pramono concluded. (AT Network)
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