JAKARTA – The Indonesian government has formally requested that Apple make an investment of one billion U.S. dollars to obtain approval for the sale of its latest iPhone 16 model in Indonesia, the world’s fourth most populous nation, as stated by a minister yesterday.
“We have engaged in discussions with Apple regarding the initial phase of the investment. We are requesting an investment of one billion dollars for this first phase,” remarked Indonesian Minister of Investment, Rosan Roeslani, during a parliamentary hearing in Jakarta.
He further emphasized that this investment is deemed necessary because the Indonesian government aims for Apple to play a role in advancing the Indonesian economy and generating additional value for the domestic industry.
“Indonesia seeks to have Apple integrate Indonesian industries into its global supply chain. We request that Apple invest in our country, thereby creating employment opportunities as well,” he articulated.
At present, Indonesia has not permitted Apple to market its latest iPhone version within the country, despite the significant potential market it presents for the technology firm. It has been previously reported that Apple has yet to fulfill Indonesia’s minimum local content requirements.
