Updated on 27 October 2015
GE relocated the headquarters of its healthcare business in ASEAN to Jakarta this year
Singapore: GE plans to invest up to USD1 billion in the power, oil and gas, and healthcare sectors to support Indonesia's accelerated economic growth.
Elaborating on the USD1 billion program, Mr John Rice, vice chairman, GE said, "Indonesia has been an important and strategic country for us for over 75 years and the current government's vision and more recent plans to accelerate spending on infrastructure have given us the confidence to make this commitment. GE's spending over the next five years will target critical areas important to the economy and cover power generation, oil and gas, and healthcare. Through this investment, we hope to expand our local business operations significantly, in a way that we believe will lead to a multiplier effect on the economy."
In the healthcare sector, GE will align with Indonesia's objective of providing universal healthcare by supporting the expansion of the country's primary healthcare ecosystem, including the development of up to 100 primary care clinics through technology and training innovations. Given the importance of healthcare for the country, GE relocated the headquarters of its healthcare business in ASEAN to Jakarta earlier this year.
These commitments will result in the creation of over 6,000 jobs, technology transfer, training of over 1,000 people a year, and the expansion of local supply chains as GE's business grows.