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Russia’s Softline, a prominent, Moscow based, publicly traded IT developer, is opening a new office in Indonesia to promote its products and services, in addition to providing vendor solutions. It sees its expert knowledge as a good match for the development potential in Indonesia, a BRICS partner nation. Indonesia is also shortly to sign a Free Trade Agreement with the Eurasian Economic Union.
Softline plans to provide IT services for local customers in Indonesia, including implementation, technical support, maintenance and training. The group plans to promote cybersecurity solutions on the market as well as industry solutions based on artificial intelligence for digital transformation, including automating processes.
Softline’s international business development director, Alexander Rozhkov, has stated that “We are certain that the solutions developed by Softline for industry, retail and the financial sector will be in demand in Indonesia. We intend to work not only with local customers, but also with local integrators, ensuring a certain transfer of our technological expertise.”
Expanding into Indonesia aligns with Softline’s international growth strategy, under which the company also opened offices in Kazakhstan, Uzbekistan, the UAE and Vietnam this year.
Indonesia is the world’s largest Muslim nation, and a multi-trillion-dollar economy in its own right. It is the only G20 member state in Southeast Asia and has the largest economy in the region. Services are the economy’s largest sector and account for 43.4% of GDP, followed by industry (39.4%) and agriculture (12.8%).
Indonesia is the world’s largest producer of nickel, and a major Asian tourism destination, and especially to Bali. Indonesia is a member of ASEAN, which also includes Brunei, Cambodia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam, and also has free trade agreements with Australia, China, Hong Kong, India, Japan, South Korea, and New Zealand.
Indonesia has a population of about 283 million, a GDP (PPP) of about US$4.66 trillion, and a per capita GDP (PPP) estimated at US$16,542. 2024 GDP growth is expected to reach 4%.
Indonesia’s digital economy is among the fastest growing in Southeast Asia, projected to exceed US$130 billion in value by 2025. Indonesia has the world’s fifth-highest number of internet users.
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