Jakarta (ANTARA) – President Prabowo Subianto said Indonesia plans to establish a special financial center to strengthen its position as a safe investment destination amid rising global geopolitical tensions.“We are planning to establish a Special Financial Center and are currently identifying a suitable location,” he said during a cabinet meeting at the State Palace in Jakarta on Wednesday.He noted the idea was first proposed several years ago by National Economic Council (DEN) Chairman Luhut Binsar Pandjaitan, with Bali initially considered as the site.Prabowo said the proposal has become increasingly relevant as Indonesia seeks to reassure investors that its business climate remains stable despite global uncertainty.He pointed to the influx of Russian and Ukrainian nationals relocating to Bali following the outbreak of war in 2022 as an example of shifting global dynamics.According to the president, the planned financial hub could attract investors who had previously targeted the Middle East but are now reconsidering due to escalating tensions in the region.He said global crises should be seen not only as risks but also as opportunities for Indonesia to expand its economic role.Prabowo added that volatility presents a chance to introduce strategic initiatives and accelerate priority development programs.“The key point is that we have significant potential, but we must work harder and with greater precision,” he said.The government is stepping up efforts to capture investment across sectors, including renewable energy and the digital economy, to meet its 2026 target.Indonesia aims to secure Rp2,175 trillion (about US$128 billion) in investment this year.Data from the Ministry of Investment and Downstreaming showed that realized investment in 2025 reached Rp1,931.2 trillion, exceeding the official target of Rp1,905.6 trillion.