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Selasa, 30 April 2024

Investment Outside Java Leads Again, Bahlil Highlights the Formation of a High-Quality Investment Ecosystem

Jakarta, April 29, 2024 – Amid projections by the International Monetary Fund (IMF) estimating global economic growth in 2024 to slow to 2.9%, the Indonesian government has maintained stability in domestic security, economic, and political conditions during the peaceful and safe conduct of the General Election. Indonesia’s economic growth in 2024 is projected to reach 5.2%, supported by an investment target of IDR 1,650 trillion.

In the period from January to March (Q1) of 2024, the Ministry of Investment and Downstream Industry/BKPM recorded an investment realization of IDR 401.5 trillion. This figure represents significant growth of 9.8% compared to Q4 2023 and 22.1% compared to Q1 2023. This achievement in Q1 2024 investment realization has successfully created 547,419 jobs for Indonesians.


Minister of Investment/Head of BKPM, Bahlil Lahadalia, expressed appreciation for the achievement in Q1 2024. He acknowledged that this success was the result of collaborative efforts from various parties.


“To be honest, this has been possible thanks to the support of all segments of society, especially the media. Friends from DPMPTSP (Regional Investment and One-Stop Services Agencies) and, in particular, the team from the Ministry of Investment and Downstream Industry/BKPM, have been proactive in reaching out to investors, monitoring LKPM (Investment Activity Reports), identifying problems, and ensuring the realization of investments like we are seeing today,” said Bahlil.


Bahlil also highlighted the achievement of investment realization outside Java, which outperformed Java once again. This demonstrates the consistent formation of a high-quality investment ecosystem in Indonesia. The distribution of investment realization in Java and outside Java during this quarter was almost balanced, with Java contributing IDR 200.5 trillion (49.9%) and regions outside Java contributing IDR 201.0 trillion (50.1%). Investment realization in both regions increased by 28.5% and 16.3%, respectively, compared to the same period in 2023.


“One of the Key Performance Indicators (KPIs) given to the Ministry of Investment Downstream Industry by President Jokowi is ensuring that investments are of high quality. A hallmark of high-quality investment is a balance between Java and regions outside Java. We know that the investment sector contributes over 30% to our national economic growth. This means that to drive growth in specific regions, one of the key instruments is investment,” Bahlil explained.


The province outside Java contributing the highest investment realization and ranking in the top five was Central Sulawesi, which secured fourth place with additional realization of IDR 27.0 trillion. Meanwhile, West Java retained the top spot (IDR 64.7 trillion), followed by the Special Capital Region (DKI) Jakarta in second place (IDR 58.4 trillion), as in the previous period.


For further information, please contact:

Ricky Kusmayadi

Head of Communications and Information Services Bureau

Jl. Jend. Gatot Subroto 44, Jakarta 12190

E-mail: rickykusmayadi@bkpm.go.id

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