Ministry of Investment / Indonesia Investment Coordinating Board (BKPM) reported an investment realization for Indonesia, with Rp829.9 trillion achieved during Semester I of 2024. This figure represents 50.3 percent of the annual target set by President Joko Widodo, which stands at Rp1,650 trillion for 2024. Ministry of Investment/BKPM also successfully realized an investment achievement of Rp428.4 trillion in the second quarter of 2024. Minister of Investment / BKPM, Bahlil Lahadalia, announced these achievements during a press conference held at the Command Center Room, Barli Halim Building, Ministry of Investment, South Jakarta.

 

Bahlil highlighted that economic growth for 2024 increased by 6.7 percent compared to the previous year and saw a 22.5 percent increase from the previous quarter. In Q2 2024, foreign direct investment (FDI) amounted to Rp217.3 trillion, reflecting a 6.3 percent increase from the previous year, while domestic direct investment (DDI) reached Rp211.1 trillion, marking a 7.1 percent increase.

 

The top investment sectors during this period included the basic metal industry, which attracted Rp74.0 trillion; mining, with Rp45.6 trillion; transportation, warehousing, and telecommunications, at Rp41.3 trillion; residential, industrial, and office areas, with Rp33.5 trillion; and other services, garnering Rp30.6 trillion. Notably, Rp428.4 trillion was realized in the second quarter.

 

The leading regions for FDI were West Java, which received USD2.5 billion (17.5 percent); Central Sulawesi, with USD2.1 billion (14.6 percent); DKI Jakarta, at USD1.8 billion (12.9 percent); North Maluku, which saw USD1.7 billion (12.4 percent); and Banten, receiving USD1.3 billion (9.3 percent). For DDI, the top regions were DKI Jakarta with Rp33.1 trillion (16.1 percent); West Java with Rp25.6 trillion (12.1 percent); East Java with Rp25.1 trillion (10.3 percent); and West Nusa Tenggara with Rp25.2 trillion (7.2 percent).

 

Investment outside Java accounted for 50.2 percent, or Rp416.2 trillion, reflecting a 17.3 percent year-on-year increase, while investment in Java was Rp413.7 trillion, also growing by 17.3 percent year-on-year. The largest investment sectors were the basic metal industry at Rp122.2 trillion, transportation, warehousing, telecommunications at Rp89.2 trillion, and mining at Rp87.9 trillion. The top investing countries were Singapore (USD8.9 billion), China (USD3.9 billion), Hong Kong (USD 3.8 billion), the United States (USD2.0 billion), and Japan (USD1.8 billion).

 

Ministry of Investment/BKPM has made significant strides in supporting micro and small enterprises (MSE), essential to Indonesia’s economy. In Semester I of 2024, Ministry of Investment/BKPM facilitated 2,411,350 projects—comprising 2,206,932 micro-projects and 204,418 small projects—with a total investment of Rp127.0 trillion. These initiatives have generated employment for 4,696,618 individuals, highlighting the critical role MSEs play as the backbone of the economy. Looking ahead, Ministry of Investment/BKPM is dedicated to further nurturing these enterprises, enhancing economic resilience and inclusivity, driving sustainable growth, and expanding opportunities for Indonesians across the country.

 

Source:

Ministry of Investment / Indonesia Investment Coordinating Board (BKPM)