Transcript of Jokowi’s speech/remarks  at APEC CEO summit.

Ladies and gentlemen all CEOs …good morning.

First on behalf of Indonesian government and the people of Indonesia I would like to thank you for your coming to my presentation today. I am happy…I am very happy to be among with you because you know I was a businessman a years ago…so this morning this morning I am very happy because we can talk about business about investment with all of you.

The picture show you our map of Indonesia. We have population 240 million and the distant is like from London in UK to Istanbul in Turkey and imagine we have 17.000  island…17.000 island.  Our national budget on  2015, 1.67 billion US and for fuel subsidy is 76 billion US. Huge! So we want to channel our fuel subsidy from consumption to production activity from consumption activity to productive activity. We want to channel our fuel subsidy to the farmer for seed for fertilizers and also for irrigation and we want to build the dam …25 dam in 5 years from our fuel subsidy to maintain the water supply to the farming area. Some subsidy we want to channel to the fishermen to give them boat engine to give them refrigerator. We want to increase the income of the fishermen. Some fuel subsidy we want to channel to micro and small enterprises in the villages. We want to help them rise the working capital. And some subsidy we want to channel to the health (pronounced like [hed]) program the health and education program. And the subsidy we want to channel to the infrastructure. In 5 years we want to build 24 seaport and deep seaport. As you know what we have 17.000 island so we need seaport and deep seaport.

The picture show you Jakarta port, Tanjung Priok Port…in 2009 the capacity is 3.6 (?) per year. And our plan in 2017 is around 15 (?) per year. This is the potential port in Indonesia. This is your opportunity. We want to build in some island, in Kalimantan island, in Java Island,  in Sulawesi Island, in Maluku Island, and in Papua island. And we plan to build our railway track, railway network. Now we have already in Java and we want to build in Sumatra island, in Kalimantan island, in Sulawesi island, and in Papua island. This your opportunity.

Now we talk about mass transportation. We want to build in Medan, Makassar, in Semarang, in Bandung, in Surabaya. So this is also your opportunity. Cause you know our budget is limited.

Now we talk our maritime agenda. We want to build sea tall. What is sea toll? Sea tollis maritime transportation system to make our transportation cost lower, to make our transportation cost more efficient.  We want to build from the west to the east. We hope not only the vessel can enter our  sea toll but also mother vessel can enter the sea tall. So the price, the cost of the transportation more efficient. For example, the price of the cement one sack cement in Java is 6US$ per sack cement but in Papua island the price is 150$US per sack cement. Imagine! 25 time! So we hope with our sea toll the price in all of the island is the same.

Electricity. We need power plant. We need around 35.000 megawatt to build our industry, to build our project, to build our industrial zone, our manufacture zone…so we need power plant. This is also your opportunity to invest in this project. Because we need our power plant for manufacturing, for industrial zone. Many investor, a lot of investor when they come to me almost of them they always complain about land acquisition. I will push my minister, my governor, my mayor to have clearing this problem. I have experience with land acquisition. When I was a governor we have project Jakarta Outer Ring Road. Started 15 years ago but it’s stop 8 years ago. Because we have problem here, 1.5 km unfinish. Because there is 143 family do not accept with the compensation price. So last year I invite them, I go to the ground and then I invite them for lunch and dinner…4 time. Aaahh…this is me (applause). I invite them and then we tak about the problem 4 time…4 time meeting and the problem is clear. And now the tall road has been use 7 month ago.

Now we talk business permit. We have national one-stop service…national one-stop service office that can help you that will serve you that will facilitate you that will give you your business permit. For example, principle business permit need 3 days to process. Finally, again on behalf of Indonesian government and the people of Indonesia I would like to thank you for your listening my presentation. We are waiting for you to come to Indonesia. We are waiting for you to invest in Indonesia. Thank you..thank you and good morning.

AD/11/14