Asia Days Roadshow
Innovation Norway’s Advisors for Indonesia will be in Norway to meet with Norwegian companies interested in doing business in Indonesia from 20-24 May 2019. This is an opportunity to discuss market potential and market entry for Indonesia within Aquaculture, Oil & Gas, Clean Energy, Waste Management and Fintech sectors.
The advisors will be available for meeting in the following cities:
Oslo – 20th May, 09.00 – 11.00
Bergen – 21st May, 09.00 – 11.00
Stavanger – 22nd May, 09.00 – 11.00
Trondheim – 23rd May, 09.00 – 11.00
Bodø – 24th May, 09.00 – 11.00
At the meeting, you'll get a knowledge of these topics:
• Update on the CEPA Agreement and what’s the benefit for Norwegian Business
• What market opportunities exist for Norwegian business and where do Norwegian firms have a competitive advantage?
• How to reduce risk and achieve faster market introduction and growth?
• What can Innovation Norway help you along the way?
To sign up for the meeting, please contact:
Peggy Gaspersz at
10 May 2019
A country half way across the globe with more than 260 million people, making Indonesia the world’s 4th most populous country in the world behind China, India and the US, but only the 16th largest economy. The country is still growing at a rate of 5-7% per year and is assumed to surpass most countries in Europe by leaps and bounds by 2030.
With a large domestic market, a sizeable young work force, a fastgrowing middle class, abundant natural resources and sound macroeconomic fundamentals, Indonesia is likely to further thrive and keep up with its economic dynamics – leaving ample room for business opportunities for foreign companies.
Aquaculture in Indonesia is practices in Fresh, brackish and marine water using a variety of species, production facilities and methods. The most common aquaculture species are seaweed, barramundi, grouper, common carp, tilapia and catfish. More than 80% of Indonesia’s fisheries were considered to be traditional household and fishermen and only use minimal technology. They are sorely lacking in sustainable aqua-culture and technologically advanced fish farms. Norwegian technologies are considered to be best in class and many Indonesian aquaculture players as well as the government are aware of this and elect to use Norwegian products. In 2018, Indonesian President Joko Widodo inaugurated off shore cages in three areas of Indonesia (Pangandaran, Karimun Java and Sabang). In addition to the three sites, several other areas such as Papua, Thousand Island and Batam have shown growing interest to adopt the technology to build the aquaculture sector in the area.
Oil and Gas
Indonesia has been active in the oil and gas industry for more than 125 years and is the only Southeast Asian member of OPEC until 2008. It is the world’s fifth largest LNG exporter in 2016 and has more than 35 years of experience on LNG production.
Significant opportunities exist particularly in frontier areas and offshore deepwater exploration (Eastern part of Indonesia), an emerging area in Indonesia, and one which the Indonesian Government is keen to focus much of its efforts on. Other opportunities also exist in Enhanced Oil Recovery (EOR) technology to increase oil production; supply of subsea equipment; drilling and oilfield services and equipment- digital well solution, fracturing and balanced drilling technology, floating production storage and offloading (FPSO) vessels, as well as inspection, repair and maintenance; LNG logistics, infrastructure and equipment – design engineering or consultancy in the development of mini LNG plants, regasification units, gas storage facilities, small LNG carriers, surface facilities, etc.
Renewable energy in Indonesia is still underutilised, which only accounts for 12.54% from the total energy mix. Indonesia has an ambitious target to increase the share RE to 23% by 2025. The market is still open for investment.
Opportunities exist for Norwegian companies to participate in the development of 35,000 MW electricity as Independent Power Producer (partnering with local electricity producers); engineering procurement and construction; operation and maintenance services; consulting companies for feasibility studies and due diligence; technology transfer and expertise; training and development for capacity building; and financing scheme.
Indonesia faces an unprecedented challenge of dealing with the impacts of underfunded municipal solid waste management systems, growing marine litter and plastic waste threatening environmental ecosystems. Along with policy interventions, there is an urgent need for promising technology and innovative business models that offer comprehensive solutions across the municipal solid waste value chain and efficiently clean up plastic waste in rivers or marine environments.
Opportunities exist for both Norwegian technologies and strategies to efficiently clean up at sea, as well as comprehensive solutions from waste handling and collection, waste to energy, better value chain for plastic recovery/recycling, and producer responsibility in the areas of packaging. The whole circular economy needs a boost in Indonesia.
Fintech sector is considerably new opportunities in Indonesia and the tremendous growth have made the sector even more attractive. With more than 260 million population of which 130 million are active social media population and 51% are unbanked, Indonesia market offers huge opportunities for fintech. Payment and Lending occupied the largest share in the market and the trend is going upward for Personal Finance and Wealth Management. Indonesia is the second country in Asia after Singapore that offers opportunities for Norwegian Fintech to tap into.
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