Indonesia’s Investment Realization Reached Rp829.9 Trillion in the First Semester of 2024, Here Are the Details

Jakarta – The Ministry of Investment / Investment Coordinating Board (BKPM) noted that Indonesia’s investment realization until the first semester of 2024 amounted to Rp829.9 trillion, growing 22.3 percent year on year (yoy).

“This achievement is 67.0 percent of the strategic plan (Restra) target in 2024 which amounted to Rp1,239.3 trillion, and 50.3 percent of the president’s target of Rp1,650 trillion,” said Investment Minister / Head of BKPM Bahlil Lahadalia in a press conference, Monday, July 29, 2024.

Meanwhile, employment as of the first semester of 2024 was recorded at 1.22 million people.

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Bahlil detailed that investment realization in the first semester of 2024 consisted of Foreign Direct Investment (PMA) reaching Rp421.7 trillion or 50.8 percent. This realization increased by 16.1 percent compared to the same period the previous year.

Furthermore, the realization of Domestic Investment (PMDN) amounted to IDR 408.2 trillion or 49.2 percent. This figure increased by 29.4 percent compared to the previous year.

By region, currently outside Java dominates incoming investment. The portion reached 50.2 percent or equivalent to Rp416.2 trillion. This figure increased by 17.3 percent on an annual basis.

Meanwhile, investment in Java Island amounted to IDR413.7 trillion, growing 17.3 percent yoy. This realization is equivalent to 48.9 percent of the total investment in the first semester of 2024.

By sector, the basic metal industry, metal goods, non-machinery and equipment dominated investment with a value of IDR 122.2 trillion. transportation, warehouses and telecommunications IDR 89.2 trillion, mining IDR 87.9 trillion.

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Then, industrial estate housing and offices IDR 62.9 trillion, chemical and pharmaceutical industries IDR 59.5 trillion.

Based on location, West Java is the province with the most PMA and PMDN, namely IDR 128.3 trillion. Then, followed by DKI Jakarta at Rp120.4 trillion, East Java at Rp71.7 trillion, Central Sulawesi at Rp59.8 trillion, and Banten at Rp58.3 trillion.

Based on country, Singapore is the country with the largest investment to Indonesia at USD8.9 billion. Then, China at USD3.9 billion, Hong Kong at USD3.8 billion, the United States at USD2.0 billion, and Japan at USD1.8 billion. (*)

Editor: Galih Pratama