Indonesia is planning to bid for the 2032 Olympic and Paralympic Games, the country's president Joko Widodo has announced.
The country is currently hosting the Asian Games - the world's second-largest multi sport event after the summer Olympics.
India, Australia and China have also expressed an interest in bidding.
"After the excellent experience of the Asian Games we now believe we can host the very biggest sporting event," Widodo said.
About 12,000 athletes from 45 nations are currently competing in Indonesia across 60 different sporting disciplines.
The Asian Games were only awarded to Indonesia four years ago after Vietnam pulled out for financial reasons, and the standard of organisation has been widely praised.
IOC president Bach welcomed the Indonesian candidacy, adding that the Asian Games provided a "strong foundation" for the country's 2032 bid.
"Because with this Asian Games, with this great success, Indonesia has shown that they have all the ingredients to hold the Olympics successfully," said Bach.
"Here in Indonesia there is a great combination of friendliness and efficiency and this is what the Games are about."
Tokyo, the capital of Japan, will host the 2020 Olympics and Paralympics, with French capital Paris and American City Los Angeles hosting the 2024 and 2028 Olympic Games respectively
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