Indonesian President Joko Widodo was sworn in in Jakarta today, pledging efforts to attract investment and improve the country's labor force.

President Widodo announced that he would aim to improve national human resources at the forefront to create the foundation to bring Indonesia's economy into the top 5 of the world by 2045.

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Indonesian President Joko Widodo during the inauguration ceremony today Photo: AP

He said Indonesia wants to become an economy worth 7,000 billion USD and no longer have poverty. "However, those goals will not come and will not come easily," President Widodo said during his inauguration in parliament and added that Indonesia must continue to innovate in the context of a changing world. quickly and face a series of risks.

President Widodo is expected to call on lawmakers to pass a new "two important laws", one of which will target the labor market, removing existing regulations that are hindering job development.

President Widodo's inauguration ceremony was attended by many foreign leaders, including Australian Prime Minister Scott Morrison, Chinese Vice President Wang Qishan, Singapore Prime Minister Lee Hsien Loong and Malaysian Prime Minister Mahathir Mohamad. Japan and the United States sent special envoys to attend.

Widodo was re-elected after the presidential election in April, continuing to assume the post for 5 years. The Indonesian constitution states that a person can only assume the position of president for up to two terms. President Widodo is expected to announce his cabinet soon after the inauguration.

Jakarta, Indonesia's capital, tightened security today to protect the inauguration ceremony after the security minister Wiranto was attacked by a Muslim knife 10 days ago. More than 30,000 police and military personnel have been deployed across the capital over fears of the possibility of other attacks.

Born in 1961 in the city of Solo, Central Java province, Widodo comes from a modest family. Due to difficult family economy, he had to work at an early age to support his parents.

A graduate of the Faculty of Forestry at Gadjah Mada University in Yogyakarta, Widodo served as Solo Mayor before being elected Jakarta governor in September 2012.

In January 2012, he was recognized as the third best mayor in the world because of his success in managing Solom making it a city of culture, art and no corruption.