Indonesia launches creative economy investment fund
Indonesia has unveiled a new investment fund worth 5 trillion IDR (approximately 312.5 million USD) aimed at strengthening its creative economy and positioning the nation as a global cultural innovation hub.
Jakarta (VNA)ꦐ – Indonesia has unveiled a new investment fund worth 5 trillion IDR (approximately 312.5 million USD) aimed at strengthening its creative economy and positioning the nation as a global cultural innovation hub.
The announcement was made at a ceremony in Jakarta, where former Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno signed a memorandum of cooperation with United Media Asia, a Southeast Asian creative content and digital technology development company.
Minister of Culture Fadli Zon, who witnessed the signing, emphasised that the initiative aligns with the national agenda of promoting comprehensive, harmonious, and sustainable cultural development. He expressed hope that projects supported by the fund would have a positive and direct impact on the cultural life of communities across Indonesia.
Sandiaga Uno stated that the collaboration represents a concrete step toward supporting the growth of Indonesia's creative economy. The fund will focus on investments in local content production, talent development, education, technology, and infrastructure. Specific areas of investment include high-quality film and television production, digital platforms, vocational training, and the establishment of innovation centres.
He further highlighted the potential of Indonesia's film industry, noting its capacity to create business opportunities and employment throughout the value chain. He expressed optimism that the fund will help showcase Indonesia's rich cultural values to both domestic and international audiences.
This initiative is part of Indonesia's broader strategy to enhance its creative economy, which has been recognised as a significant contributor to the nation's GDP and employment./.
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