According to Zhitong Finance APP, Indonesian officials said on Tuesday that they have received a quote for an improved investment from Apple (AAPL.US) worth 1 billion dollars, which is the latest effort by the technology giant to lift the sales ban on the iPhone 16 in this largest economy in Southeast Asia.

Indonesian Investment Minister Rosan Roeslani stated to lawmakers on Tuesday that the Indonesian government and Apple have agreed on this figure as the 'first phase' of the company's investment, adding that he expects to receive Apple's written commitment within a week.

Roeslani stated, 'We want to see fairness. You benefit here. You invest here and create job opportunities.'

It is reported that Apple had previously proposed a 0.1 billion dollar investment plan to Indonesia to establish a factory for producing parts and components in Indonesia. However, the Indonesian government was not satisfied with this investment amount and maintained the sales ban on the iPhone 16 series.

The Indonesian government banned the sale of the iPhone 16 on the grounds that Apple did not meet the domestic production requirements for smart phones and tablets. For similar reasons, Indonesia also banned the sale of Google (GOOGL.US) Pixel phones.