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ARTICLE · 23 OCTOBER 2023

Land Allocation For Investment Arrangement

AKSET Law
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On October 16, 2023, the President of Republic of Indonesia issued Presidential Regulation No. 70 of 2023 on Land Allocation for Investment Arrangement ("PR 70/2023").

IndonesiaEnergy and Natural Resources
Johannes C. Sahetapy Engel
Johannes C. Sahetapy Engel
M. Raehan A. Fadila
M. Raehan A. Fadila

On October 16, 2023, the President of Republic of Indonesia issued Presidential Regulation No. 70 of 2023 on Land Allocation for Investment Arrangement ("PR 70/2023"). As a background, PR 70/2023 was issued based on the awareness of the Government to increase the effectiveness and efficiency in the utilization of resources for equal investment and public welfare. Further, the Government intends to realize the land allocation distribution in the mining, plantation, and forest sectors for village-owned enterprises, region-owned enterprises, business entities owned by social organizations, cooperatives, and small and medium-size enterprises.

We set out below the key provisions of PR 70/2023.

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