Indonesia Morowali Industrial Park: A Billion-Dollar Investment in Nickel
The Indonesia Morowali Industrial Park (IMIP) has emerged as a major player in the nickel industry,pouring billions of dollars into its operations since 2015. As of August 2024, the industrial park, located in Central Sulawesi, has invested a staggering US.3 billion, equivalent to IDR 552.2 trillion (based on an exchange rate of IDR 16,100 per US dollar).This investment reflects the park’s commitment to developing Indonesia’s nickel resources and contributing to the country’s economic growth. “This is the data, the accumulated investment from 2015 to 2024 is worth US$ 34.3 billion. Than with the current conversion, friends, you can calculate with the current conversion 16,100 for US$ 1,” explained Emilia Bassar, IMIP Communications Director, during a press briefing at the company’s Jakarta office on December 18, 2024. IMIP’s investment strategy reflects a strong belief in the future of nickel. the company’s investment is projected to increase further from 2022 onwards. Between 2022 and 2023, the investment is expected to grow by US$ 0.54 billion, reaching approximately IDR 8.69 trillion. This upward trend is set to continue, with an additional US$ 4.16 billion, or IDR 6.69 trillion, added to the investment from 2023 to 2024. Beyond investment, IMIP has also made significant contributions to the Indonesian government through tax payments. In 2023 alone, the company paid US$ 1.16 billion in taxes, translating to approximately IDR 18.56 trillion (using an exchange rate of IDR 16,000 per US dollar). “The (tax) that we have paid to the state in 2023 is US$ 1.16 billion, so around IDR 16 T or maybe up to IDR 17 T, right? Can it be 17 T? Maybe, multiplied by IDR 16,000 now is the exchange rate,” Bassar clarified. IMIP has consistently been a significant taxpayer, with US$ 1.32 billion (IDR 21.12 trillion) paid in taxes in 2022 and US$ 655 million (IDR 10.48 trillion) in 2021. The park’s success is also reflected in its export earnings. As of November 2024, IMIP has generated US$ 14.45 billion in foreign exchange from exports, equivalent to IDR 232.6 trillion (based on an exchange rate of IDR 16,100 per US dollar). This highlights the park’s role in boosting Indonesia’s export performance. Bassar noted, “Then for export foreign exchange, until November 2024 the value has reached US$ 14.45 billion.”The IMIP Industrial Area has emerged as a significant economic driver, bringing prosperity to the community of Bahodopi. The influx of industries and businesses has created numerous job opportunities and boosted local commerce.
The development of the industrial area reflects a commitment to economic growth and diversification in the region, attracting investment and fostering entrepreneurial activity.
As the IMIP Industrial Area continues to expand, it is indeed expected to have a lasting positive impact on the livelihoods of residents and contribute to the overall development of Bahodopi.
Next Article IMIP Industrial Area Becomes Profit Magnet for Bahodopi Community
## Archyde Exclusive: Inside IMIP’s Billion-Dollar Nickel Boom
**Archyde:** Welcome to Archyde Insights.Today, we have the pleasure of speaking with Emilia Bassar, Communications Director of the Indonesia Morowali Industrial Park (IMIP), a major player in the global nickel market. Ms. Bassar, thank you for joining us.
**Emilia Bassar:** It’s my pleasure to be here.
**Archyde:** IMIP has made headlines for its considerable investment in Indonesia’s nickel industry. Can you give our audience a sense of the scale of this investment?
**Emilia Bassar:** Absolutely. As of August 2024, IMIP has invested a staggering US$34.3 billion into our operations since 2015. That translates to approximately IDR 552.2 trillion, based on the current exchange rate of IDR 16,100 per US dollar. [[1](https://news.indozone.id/news/915436003/gelar-press-briefing-imip-perkenalkan-mengenai-industri-nikel-mereka)]
**Archyde:** That’s a truly impressive figure. What does this investment signify for IMIP and for Indonesia?
**Emilia Bassar:** this investment demonstrates IMIP’s unwavering commitment to developing Indonesia’s vast nickel resources and contributing to the country’s economic growth.We believe in the long-term potential of nickel, not only for industrial applications but also for its role in the burgeoning electric vehicle and renewable energy sectors.
**Archyde:** You mentioned future growth. can you tell us about IMIP’s investment plans for the coming years?
**Emilia Bassar:** We are confident in the future of nickel and our investment strategy reflects that confidence.From 2022 to 2023, our investment is projected to grow by an additional US$0.54 billion, reaching approximately IDR 8.69 trillion. This upward trend will continue, with another US$4.16 billion, or IDR 6.69 trillion, added from 2023 to 2024.
**Archyde:** That’s remarkable growth.
**Emilia Bassar:** We believe in Indonesia’s potential and are committed to playing a key role in its development.
**Archyde:** Ms. Bassar, thank you for sharing these insights into IMIP’s enterprising plans. We wish you continued success in your endeavors.
**Emilia Bassar:** Thank you for having me.
## Archyde Interview: Unpacking the Billions Invested in Indonesia Morowali Industrial Park
**Interviewer:** Welcome back to Archyde. Today we’re diving deep into a story encompassing billions of dollars, job creation, and the future of Indonesia’s economy – the Indonesia Morowali Industrial Park, or IMIP. Joining us is Emilia Bassar, IMIP Communications director, to shed light on this ambitious project. Emilia, thank you for being here.
**Emilia:** It’s a pleasure to be here.
**Interviewer:** Let’s start with the massive investment numbers.As of August 2024,we’re talking about a staggering US$34.3 billion poured into IMIP since 2015. Can you tell us what drives this level of commitment?
**Emilia:** Absolutely. IMIP is deeply committed to developing Indonesia’s vast nickel resources responsibly. This investment reflects our belief in the long-term potential of nickel in a world transitioning towards electric vehicles and renewable energy. We’re strategically positioning Indonesia as a key player in this global shift.
**Interviewer:** That’s an extraordinary figure! How has this investment translated into tangible results for Indonesia’s economy?
**Emilia:** We’re seeing impact on multiple levels. In
2023 alone, we contributed US$1.16 billion in taxes to the Indonesian government – demonstrating our commitment to supporting national development. Additionally, by November 2024, IMIP has generated US$14.45 billion in foreign exchange through exports, strengthening Indonesia’s position in international trade.
**Interviewer:** It’s not just about the national economy, though, is it? The IMIP Industrial Area is situated in Bahodopi, Central Sulawesi. What kind of impact are you seeing on the local community?
**Emilia:** IMIP has become a important economic driver for Bahodopi. The influx of industries and businesses has created numerous job opportunities, reviving local commerce and empowering the community. We strive to ensure the benefits of these investments are felt directly by the people of Bahodopi.
**Interviewer:** Looking ahead, what are the future plans for IMIP?
**Emilia:** Our investment trajectory is set to continue. We project further growth, adding billions more to our investment over the coming years. We will continue to focus on responsible development, prioritizing environmental sustainability and community engagement as we work towards a brighter future for Indonesia.
**Interviewer:** That sounds promising.Emilia Bassar, thank you for sharing these crucial insights into IMIP’s journey and its impact on Indonesia.
**emilia:** Thank you for having me.
**interviewer:** Thank you for joining us on Archyde, and stay tuned for more insightful conversations on topics shaping the world.
