JTA Market Expansion in Indonesia

Date: 2021-12-16

JTA is looking into the game changing shifts of the financial market and constantly updates the strategy to make sure we are taking the right steps towards future.

Indonesia has been a promising country for JTA since establishment in 2020 and 2022 is a year of strengthening our presence in growing market of the country by deepening and expanding our exposure.

Dr. Amir Ali Salemi, visited Indonesia from 10 to 15th of December 2021 for to discuss a number of opportunities of interest. During this trip the following MOUs were signed:

• Investment in a mega world-class iconic, one of its own, infrastructure development project.
• Collaboration with one of the Indonesia’s leading technology innovators of power system, digital transformation, and environmental industries with a view expand the existing business, develop new solutions and products and build a new mega factory.
• Invest in a small-scale oil refinery to commercialize production of an oil field with a view to provide sustainable fuel for regional market.

Also, a meeting with upstream authorities was held to continue negotiations to increase the oil production on and oil field by signing a new Production Sharing Agreement to get effective on second half of 2022.

JTA CEO, during his short meeting with minister of investment and a number of top governmental officials reiterated JTA’s continued interest in Indonesian market. The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. As a member of the G20, Indonesia is classified as a newly industrialized country with an ambitious plan of growth till 2030