JAKARTA, Feb. 18 (Xinhua) -- Indonesia currently needs to secure at least 13,032 trillion rupiahs (around 800.56 billion U.S. dollars) in both domestic and foreign investment over the next five years to achieve its 8- percent economic growth target, a senior official said on Tuesday.

Dedi Latip, deputy for investment planning at the Ministry of Investment and Downstream Industry, said that this target represents a 143 percent increase compared to the total investment realized over the past decade.

"The figure is quite remarkable. We can see that the target and expectations are set very high," Latip said at the SMBC Indonesia 2025 Economic Outlook event in Jakarta.

Latip noted that the Indonesian government is offering several key sectors to investors, including downstream processing of natural resources, and new and renewable energy.

Other investment opportunities include sectors related to food security, health, education, the digital economy, data centers, semiconductors, export-oriented manufacturing industries, and projects in the new capital city of Nusantara.

Additionally, the government is providing incentives such as a super tax deduction of up to 300 percent for research and development and a deduction of up to 200 percent for vocational training to support value-added improvements, technology adaptation, and innovation.

"To transition from a low-income country to a high-income country, investment must play a key role in driving the productivity revolution," he said. Enditem

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