Jakarta, March 17 -- Indonesian President Prabowo Subianto announced that his government plans to initiate 30 strategic investment projects across sectors this year.

"I have recently convened with my team from the Red and White Cabinet, and we have decided to launch approximately 30 grand projects this year," Subianto remarked in his speech for the inauguration of a metal smelter of PT Freeport Indonesia.

Speaking in Gresik District, East Java, on Monday, the president highlighted that these megaprojects are expected to open as many as eight million job opportunities for the people.

According to Prabowo, the goal is to spur capital flow into downstream and upstream sectors that offer strategic values.

"The 30 megaprojects will not foc...