Jakarta Seeks Singapore Investment for MRT Expansion and TOD Projects
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SINGAPORE — Jakartaweekly.com. Jakarta Governor Pramono Anung met Singapore Prime Minister Lawrence Wong at the Istana in Singapore on Monday (June 15), where he invited Singaporean investors to participate in Jakarta’s Transit-Oriented Development (TOD) projects as well as the expansion of MRT Jakarta Phase 3 and Phase 4. Singapore investment plays a key role in Jakarta’s economic development, providing both the capital and expertise needed to support the city’s transformation into a global financial and digital hub.
The meeting forms part of broader efforts to strengthen economic cooperation and sustainable urban development between Jakarta and Singapore.
Pramono noted that his relationship with Wong dates back to their respective tenures in national government. At the time, Pramono served as Cabinet Secretary of Indonesia, while Wong held several key positions within the Singapore government.
According to Pramono, his extensive experience in government has helped him build effective communication with strategic partners, including Singapore, while also enabling him to bridge national policies with local implementation.
“My experience serving as Cabinet Secretary for two terms and now as Governor of Jakarta allows me to bridge national policies with implementation at the local level. This is important in providing certainty and confidence for investors,” Pramono said.
During the meeting, the Jakarta governor highlighted investment opportunities in the Indonesian capital, including TOD developments, MRT Jakarta Phase 3 and Phase 4 projects, and other urban transformation initiatives aimed at supporting Jakarta’s ambition to become a global city.
“Investing in Jakarta today means gaining access to one of the largest markets in Southeast Asia. Investment flows into Jakarta will contribute to Indonesia’s growth, strengthen the ASEAN economy, and create added value for regional partners, including Singapore,” he said.
In addition to transportation and urban development projects, Pramono emphasized the Jakarta administration’s commitment to creating an investment climate that is transparent, efficient, and business-friendly.
He stressed that regulatory certainty remains a key factor in attracting long-term investment and building investor confidence.
“We want Singaporean businesses to know that Jakarta is committed to making investment easier through clear regulations, efficient processes, and consistent policies. I believe the trust and collaboration we strengthen today will lead us to shared success,” Pramono said.
The meeting comes as Jakarta continues to accelerate major infrastructure projects and urban redevelopment initiatives to support its long-term transformation into a globally competitive metropolitan city.