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Kamis, 30 Mei 2024

Regional Investment Forum 2024 Serves as a Platform to Strengthen Commitment to Existing Investments in Indonesia

Batam, May 30, 2024 – In support of the Indonesian Government's efforts to establish an electric vehicle battery ecosystem, the Ministry of Investment and Downstream Industry/BKPM hosted the Regional Investment Forum (RIF) 2024 in Batam City under the theme, “Developing the Electronics Industry to Support Battery-Based Electric Vehicle Industries” yesterday morning (May 29). The event was attended by over 100 participants, including representatives from Regional Investment and One-Stop Service Agencies (DPMPTSP) from Sumatra provinces, DPMPTSPs from regencies and cities in the Riau Islands, business associations, and company representatives.

Imam Soejoedi, Senior Advisor for Macroeconomics at the Ministry of Investment and Downstream Industry/BKPM, delivered the keynote speech at RIF 2024. He highlighted that investment realization trends in Indonesia have consistently increased. Alongside the government’s ongoing efforts to boost investment realization targets, Imam emphasized the importance of effectively promoting investment opportunities to investors.


“We must ensure that while seeking new investors abroad, we also take good care of our existing investors. Effective promotion involves ensuring that current investors are satisfied and achieve favorable profit margins, enabling them to expand further,” said Imam.


Imam also reassured business leaders present at RIF 2024 of the strong interest in investing in Indonesia. He noted that in addition to existing investors expanding their operations, new investors continuously enter Indonesia each quarter, both through foreign direct investment (FDI) and domestic investment (PMDN).


“Our investment targets grow every year, and our achievements consistently follow suit. This demonstrates that you are not the only investors expanding in Indonesia; hundreds, even thousands of other investors are also increasing their investments here,” Imam explained.


The Regional Investment Forum (RIF) is an annual event organized by the Ministry of Investment and Downstream Industry/BKPM to provide a platform for investment stakeholders to discuss regional investment potential. Batam was the first city to host RIF in 2024. Similar forums will be held in two other regions representing Central and Eastern Indonesia later this year.


As the largest city in the Riau Islands Province, Batam has been assigned a significant investment target. Reza Khadafi, Head of DPMPTSP Batam City, reported strong investment growth in the city.


“This year, Batam City was assigned an investment target of IDR 28 trillion, and by the first quarter, we have already achieved 26.9% of this target. This shows strong investment growth in Batam. We hope this forum will initiate further investments that contribute to Batam’s development,” Reza stated.


RIF 2024 in Batam featured two panel discussion sessions focusing on investment potential in the electric vehicle sector and presentations on specific investment projects in Indonesia.


In 2023, the Riau Islands Province recorded a total investment realization of IDR 20.16 trillion, with Batam City contributing IDR 15.62 trillion. The top three sectors driving investment were Machinery, Electronics, Medical Instruments, Electrical Equipment, Precision, Optics, and Watch Industries; Housing, Industrial Estates, and Office Spaces; and Transportation, Warehousing, and Telecommunications.


For further information, please contact:

Ricky Kusmayadi

Head of Communications and Information Services Bureau

Ministry of Investment and Downstream Industry/BKPM

E-mail: rickykusmayadi@bkpm.go.id

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