Heaptalk, Jakarta — Indonesia’s Ministry of Investment (BKPM) recorded that investment realization in Q1 2023 has reached over USD24.7 billion, hit 24.3% of the total target or USD101.61 billion (USD1 equals Rp16,234).
“Investment realization in Q1 2024 hit USD24.7 billion, growing 9.8% qoq. This all happened because of the support of all levels of society,” stated the Minister of BKPM Bahlil Lahadalia during the Press Conference in Jakarta (04/29).
Bahlil added that this number derives from foreign investment of USD12.59 billion and domestic investment of USD12.14. Perceiving from the geographic side, the investment realization is mostly conducted in outer java (50.1%), following by the realization in Java with 49.9%.
“One of the Key Performance Indicator (KPI) which are mandated by the Indonesian President to the Minister of BKPM is the high-quality investment. And the characteristic of this investment is the balance of investment number in Java and outer Java,” conveyed Bahlil.
Further, based on the big five investment realization locations both for domestic and foreign investment, the first place is West Java with USD3.98 billion, followed by DKI Jakarta with USD3.60 billion, East Java with USD2.23 billion, Central Sulawesi with USD1.66 billion, and Banten with USD1.56 billion.
According to the Ministry’s data, five subsectors that are dominated the investment realization includes:
- Basic metals, metal goods, non-machinery, and large equipment (USD2.96 billion)
- Transportation, warehouse, and telco (USD2.95 billion)
- Mining (USD2.60 billion)
- Housing, industrial areas, and offices (USD1.81 billion)
- F&B (USD17.86 billion)
Moreover, this investment realization is dominated by foreign countries, including Singapore (USD4.2 billion), Hong Kong (USD1.9 billion), China (USD 1.9 billion), the US (USD1.1 billion) and Japan (USD1 billion).
