Jakarta’s Investment and Growth Virtual Webinar with AmCham Indonesia and WeWork

Last May, JIC participated along with the Department for Investment and One Stop Services DKI Jakarta to presented the vision of future Jakarta. Mr. Benni Aguscandra spoke on behalf of the Department for Investment and One Stop Services DKI Jakarta (DPMPTSP DKI Jakarta), to deliver Jakarta’s investment development and opportunities in AmCham x WeWork Investment and Growth Virtual Webinar. Along with Mr. Benni, there are other distinguished guest speakers representative of WeWork Southeast Asia - Ms. Elizabeth Laws Fuller, representative of Alpha JWC – Mr. Hansen Hubert, and First Vice Chairman of AmCham Indonesia – Mr. Douglas Ramage.

Covid-19 was such a challenging time for startups and companies but it shaped post-pandemic behaviours such as flexible working time and place, also the increasing demand for digital services. According to the first presentation by Ms. Elizabeth Fuller was regarding how the working space business services survived during the pandemic and the strategic plans developed by WeWork to bounce back from COVID-19 immerse impact.

Ms. Elizabeth Fuller shares the big potential market offered by the working place services in recent years. By utilizing the rapid development of digital technology, WeWork is optimistic that the market is still able to grow in the middle of the crisis. Although the world has been hit hard suddenly by the COVID-19 diseases, it will not stop the positive growth of the working space services especially in Southeast Asia. With the utmost flexibility of working space, this can be one of the solutions for the employees to save the amount of mobilisation time for those who want to split their time between their company HQ, home, and to other locations. 

In addition, approximately 95% of the C-suite and employees believe there are benefits to a hybrid approach. Top 3 benefits of a hybrid approach include better work-life balance (62%), more control over their schedule (40%), a less stressful work environment (48%), and saving money on commuting costs (also 48%). This percentage has predicted that in the future, the working space services will be part of the next future economic and investment potential economic engine.

Furthermore, the presentation was followed by Mr. Benni Aguscandra that focused on the infrastructure and construction development sector. The presentation was discussing Jakarta's urban planning on transportation infrastructure, integrated intermodal public transportation, and the development of digital-based services to accelerate the ease of the permit application process for the Jakarta residents.

Mr. Benni Aguscandra on Investment and Growth in Jakarta

There are two strategic plans that have been conducted by the Jakarta Capital City Government to support the infrastructure development and boost the investment sector such as simplifying the business permit process and enhancing the collaboration with private sectors annual Jakarta Investment Forum (JIF). This forum will gather all the private sectors and all business entities to have a dedicated meeting directly with the project owners (Regional-owned enterprises).

This discussion was completed by the insightful presentation by Alpha JWC regarding Jakarta's economic projection in the future amidst the post pandemic COVID-19. As digital technology becomes advanced, it is also impacting the changes of customer’s behaviour that demand more convenience services. According to Mr. Hansen Hubert, the number of start-up investments will continue to grow amidst the recovery from pandemic COVID-19. This will also be part of the future economic engine for Jakarta onwards. 

As Mr. Douglas Ramage (First Vice Chairman AmCham Indonesia) stated, Jakarta has been a challenging city to start a business but it has improved a lot. Jakarta showed great management during the COVID-19 pandemic, mitigating floods, integrating transportation, and developing investment climate.

All the guest speakers had presented their own ideas and shared their perspective regarding the probable economic impact caused by the plan to move our capital city to Kalimantan. Jakarta will not lose its charm, because at the beginning Jakarta has already become the most strategic area in Indonesia especially for economic and political centres. Jakarta has shown a high quality covid management, thus this makes Jakarta become more attractive for the investment sector.  In addition, Jakarta is one of the cities with the most integrated transportation that makes mobility easier within the city. As the infrastructure and transportation become well-developed, this will become an essential indicator to attract more investors to come to the city.

Be a part of our solutions to develop a sustainable and livable city, Jakarta!

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