Heaptalk, Jakarta — Indonesia’s government, through the Ministry of Investment, has determined an investment realization target of US$102 billion in 2024.
“As the first half of 2024, investment realization reached Rp829.9 trillion, approximately 50.3% of the total target,” Cahyo Purnomo, Director of Promotion for East Asia, South Asia, the Middle East, and Africa from the Ministry of Investment, during the HLB Global China Service Forum press conference. (08/05)
To achieve this goal, the Ministry of Investment, HLB, and representatives from the China Council for the Promotion of International Trade (CCPIT) in Indonesia organized the China Company Service Forum on the same day. He also mentioned that the HLB Indonesia event aligns with BKPM’s mission to attract investors to Indonesia.
“According to data, up to the first half of 2024, investment realization from China reached almost USD4 billion, or precisely USD3.9 billion. This is a significant amount, and with this event, we hope the figure will continue to increase,” he said
Various parties, including HLB Indonesia, have the same interest as BKPM. They all aim to make Indonesia an attractive destination for investors. To establish their presence, foreign investors must comply with Indonesian laws and regulations. They must establish a legal entity, a foreign investment company (PT PMA), founded by at least two shareholders, either individuals or business entities.
“We will also check whether the business sector is open to foreign investment. Previously, there was a negative investment list, but now it has been replaced by a priority investment list,” Cahyo added.
Meanwhile, Adi Wirawan, Senior Partner of HLB Indonesia, stated that HLB sees opportunities to invite investors from China, thereby helping the government attract more significant investments and create more jobs to boost the national economy.
In his official statement, he said, “We do not focus on investors from a single industry; we invite investors from all industries, as long as they have a positive impact on the country.”
Adi mentioned that HLB aims to bridge investors with local governments where these investors are interested in investing. HLB also collaborates with the Investment Coordinating Board (BKPM) or the Ministry of Investment.
“Investors usually have specific targets for investment in Indonesia, and we strive to connect them with local governments. This also brings us business opportunities. We already have a book on the prospects of each region, such as areas rich in copper or seafood. We need to distribute it to investors and collaborate with BKPM and local governments,” Adi concluded.