The Indonesian Ambassador to Canberra Witnessed the Signing of Indonesia-Australia Investment MoU Worth USD 1 Billion

Canberra, 16 November 2020 - Indonesian Ambassador Y. Kristiarto S. Legowo together with West Java Governor Ridwan Kamil, Australian Ambassador to Indonesia Gary Quinlan, officials from the Australian Department of Foreign Affairs and Trade (DFAT), and officials of the Canberra Regional Government (ACT) witnessed the virtual signing of the Shareholder Agreement between PT Jasa Sarana (Indonesia) and Aspen Docta (Australia) which took place in Bandung and Canberra. The signing ceremony is one of the sessions in a series of West Java Investment Summit (WIJS) on November 16-17, 2020. The Shareholder Agreement is an investment cooperation agreement to build health infrastructure in West Java.

The signing in Bandung was carried out by Hanif Mantiq, President Director of Jasa Sarana, witnessed by the Governor of West Java, Ridwan Kamil. While the signing in Canberra took place at the Indonesian Embassy in Canberra, was carried out by Bruce Armstrong, CEO of ASPEN Medical and Dr. Andrew Rochford, CEO of Docta, witnessed by the Indonesian Ambassador to Canberra, Australian Ambassador to Indonesia, Commissioner for International Engagement, Canberra’s Capital Government, officials from DFAT and Austrade.

Prior to the signing ceremony, the Indonesian Ambassador to Canberra said that “this cooperation is a manifestation of the increasing bilateral relations between Indonesia and Australia, especially after the enactment of the Indonesia Australia Comprehensive Economic Partnership Agreement (IA-CEPA) since July 5, 2020.” This investment will not only drive the economy and job creation in West Java but it depicts a very good level of trust from Australian investors towards Indonesia despite the pandemic. Furthermore, the Indonesian Ambassador said that the realization of this cooperation was one of the follow-ups to the results of the Business Roundtable meeting which was held during the President’s Visit to Australia in February 2020 which was also attended by the CEO of Aspen Medical Group, Mr. Bruce Armstrong. The Indonesian Ambassador expressed his hope that Aspen Medical can also establish similar cooperation and invest in other provinces in Indonesia.

On the same occasion Ambassador Quinlan, CEO of ASPEN Medical Group and CEO of Docta delivered a speech that essentially underlined that this investment collaboration is very relevant during the COVID-19 pandemic. Meanwhile, the CEO of Aspen Medical and CEO Docta specifically expressed his hope that the company’s investment will be able to increase the capacity of health services in West Java and can be a stimulus to Indonesia’s economic growth.

Aspen Docta invested USD 1 billion for the construction and operation of 650 health clinics and 23 hospitals in West Java. Aspen Docta plans to build 40 clinics and 1 hospital by 2021, 400 clinics and 5 hospitals by 2023, and 250 clinics and 18 hospitals following year.

(Source: Indonesian Embassy in Canberra)