Wednesday, 02 September 2026
The relationship between Spain and Indonesia has been growing in the investment sector, and the numbers from the middle of the 2026 showed just how quickly Spanish investment was increasing.
Spanish investment in Indonesia was recorded at around $3.1 million. By 2015, that figure had reached $56.6 million. In other words, the investment value increased by about $53.5 million in just three years.
The growth did not happen suddenly. Spanish investment had already started gaining momentum in previous years. In 2014, for example, investment increased by around 500 percent, rising from $2.9 million in 2013 to $15.7 million. Then, in 2015, the value jumped again by about 300 percent to reach $56.6 million.
These numbers show that Indonesia was becoming an increasingly interesting market for Spanish companies. The country offered opportunities across different industries, from energy and aviation to tourism, retail, and manufacturing.
Several well-known Spanish companies had already established business activities in Indonesia. One example was Repsol, a major Spanish energy company. Another was Airbus Defense & Space, which has worked with Indonesia’s aerospace industry, including PT Dirgantara Indonesia. The hospitality sector also attracted Spanish investment through Melia International, which had opened hotels in several Indonesian destinations.
Spanish fashion giant Inditex was another company connected to Indonesia. The company’s presence showed that the relationship between the two countries was not limited to heavy industries or large infrastructure projects. Consumer markets and retail were also part of the growing business relationship.
From Indonesia’s point of view, foreign investment from Spain can bring more than just money. International companies can introduce technology, management experience, new business networks, and employment opportunities. For Spanish companies, Indonesia can provide access to one of the biggest consumer markets in Southeast Asia.
The growth was also connected to Spain’s efforts to encourage companies to expand into international markets. After facing economic difficulties following the global financial crisis, the Spanish government encouraged businesses to look toward regions with stronger economic growth, including Asia. This approach was often described as a “Look East Policy.”
However, the growth was not completely consistent. In 2026, Spanish investment in Indonesia fell to around $50.09 million, about $6.09 million lower than the previous year. Even so, the overall Spanish companies had invested around $168 million in Indonesia.
Looking at the bigger picture, the investment relationship between Spain and Indonesia showed that both countries had strong potential for economic cooperation. With Indonesia continuing to attract international businesses and Spain looking for opportunities in Asian markets, there was plenty of space for future partnerships.
The $53.5 million increase was therefore more than just a number. It was a sign that Spanish businesses were becoming more interested in Indonesia and that the two countries were gradually building stronger economic connections.
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