Amazon, an American electronic commerce and cloud computing company, aims to invest US$965 million (Rp14 trillion) in ten years period to grab Indonesian growing e-commerce market.

The company also plan to introduce its cloud computing business Amazon Web Services to the Indonesian market. On Friday (Sept 21), Amazon’s Vice President, Werner Vogels met President Joko Widodo accompanied by Finance Minister Sri Mulyani Indrawati at the Presidential Palace.

Referring to the Minister of Finance Regulation Number 35 Year 2018 on the Corporate Income Tax Reduction Facility, Amazon as a technology pioneer industry could enjoy tax holiday for 10 years.

Indonesia is the second country in Southeast Asia to be the target of Amazon’s business expansion, after Singapore. Previously, the company stated that it plans to target the potential of 600 million consumers in Southeast Asia, and is ready to compete with other e-commerce players such as China’s Alibaba Group and South Korea’s Lotte Group.