Foreign Investment Still Dominates in Indonesia
The Ministry of Investment and the Investment Coordinating Board (BKPM) reported that the total flow of investment in the country has reached IDR 1,261.4 trillion, an increase of nearly 20% year-on-year (yoy).
Minister of Investment/Head of BKPM, Rosan P. Roeslani, stated that this realization has reached 76.4% of the president’s target, which is set at IDR 1,600 trillion. When compared to the Strategic Plan target of IDR 1,239.9 trillion, the realization of IDR 1,261.4 trillion has surpassed the target, reaching 101%.
Investment realization in the third quarter of 2024 reached IDR 431.5 trillion, an increase of 15.3% from the previous quarter. The portion of foreign direct investment (FDI) was higher than domestic investment (PMDN)
Rosan also mentioned that total FDI amounted to IDR 232.7 trillion, an 18.5% increase from the previous quarter. This figure represents 53.9% of total investment. Meanwhile, domestic investment reached IDR 198.8 trillion, an 11.6% increase, accounting for 46.1% of total investment.
“We are on target, as this has already reached 76.4% of the target, and for the Strategic Plan target, we’ve surpassed it,” Rosan said during a press conference on Tuesday (October 15, 2024).
Furthermore, Rosan noted that job creation over the first three quarters of this year has reached 1.87 million workers. Additionally, investment in Java and outside Java was balanced during the January-September 2024 period.
Investment outside Java was larger, amounting to IDR 635.00 trillion, while investment in Java reached IDR 626.43 trillion. Investment outside Java grew by 16.34% (yoy), while investment in Java grew at a higher rate of 23.49% (yoy).
From January to September 2024, foreign direct investment (FDI) reached IDR 654.40 trillion, and domestic investment totaled IDR 607.03 trillion.
Other sectors that experienced an increase in investment included the basic metals industry, non-gold and silver metal products, which contributed 12.9% or IDR 99 trillion. The mining sector also saw an increase of 10.3% or IDR 44.6 trillion.
In terms of regions, Jakarta received the highest amount of investment in the third quarter, totaling IDR 71.4 trillion. It was followed by West Java, East Java, Central Sulawesi, and Banten.
Discover more
