ASIATODAY.ID, JAKARTA – A major investment breakthrough is on the horizon for Indonesia’s capital.
Jakarta Deputy Governor Rano Karno announced that he has successfully secured US$1.3 billion (approximately Rp21.6 trillion, based on an exchange rate of Rp16,649 per US dollar) in new investments from Europe following his recent official visit to the region.
The investment will be directed toward strengthening Jakarta’s creative economy, tourism sector, and film industry infrastructure, which are central to the city’s new development agenda.
Speaking at the IdeaTalks event held at the Jakarta Convention Center on Saturday, November 1, 2025, Rano shared that his European mission covered four countries, including Turkey, and resulted in promising economic and cultural cooperation agreements.
“I just returned from Europe, visiting four countries. The first was Turkey, and thankfully, I brought home US$1.3 billion, or Rp21 trillion,” Rano said.
While details of the investment projects have yet to be disclosed, Rano emphasized that the funding will serve as a catalyst for Jakarta’s transformation into a creative and globally connected metropolis, particularly as the city transitions from being Indonesia’s capital to a Special Capital Region (Daerah Khusus Jakarta – DKJ).
Strong Fiscal Outlook Despite Reduced Revenue Sharing
Rano also highlighted that Jakarta’s fiscal position remains robust despite losing nearly Rp14 trillion in revenue-sharing funds (DBH) from the central government.
He noted that Jakarta continues to fulfill its role as the nation’s economic hub without resorting to protests or fiscal complaints.
“We lost nearly Rp14 trillion in DBH, yet Jakarta remains strong. We’re the only province that didn’t protest. Our fiscal capacity is still solid,” he asserted.»
Jakarta Climbs in the Global City Index
In a positive sign of international recognition, Jakarta has climbed from 74th to 71st place in the Global City Index within just six months since Rano and Governor Pramono Anung took office in February 2025.
Rano attributed this achievement to consistent efforts in developing the city’s cultural, film, music, and creative sectors.
“We’ve only been in office for six months, yet Jakarta’s ranking has improved. This is real progress achieved through culture, film, music, and exhibitions,” he noted.
Ambitious Goal: Top 50 Global City by 2030
Referring to Law No. 2 of 2024, which redefines Jakarta as the national economic and global city center following the relocation of Indonesia’s capital to IKN Nusantara, Rano expressed his ambition to push Jakarta into the world’s top 50 cities within the next five years.
“The law is clear—Jakarta is no longer the capital city, but a national economic and global hub. Our goal is to break into the top 50 globally within five years,” he said confidently.
With this US$1.3 billion European investment and a clear focus on creative industry expansion, Jakarta is poised to strengthen its position as Southeast Asia’s next global city—a thriving hub for culture, innovation, and sustainable growth. (AT Network)
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