Investment Realization in Indonesia in the First Quarter of 2024 Reaches IDR 401.5 T

April 29, 2024, 12.43 PM | Reporter: Adinda Ade Mustami

ILUSTRASI. Workers complete construction in the Central Government Core Area (KIPP) New Capital City of Nusantara (IKN), North Penajam Paser Regency, East Kalimantan, Monday (12/2/2024). The Nusantara Capital Authority (OIKN) reported that investment realization for the development of Nusantara City from 2023 to January 29 2024 had reached IDR 47.5 trillion. BETWEEN PHOTOS/Rivan Awal Lingga/rwa.

FOREIGN DIRECT INVESTMENT - JAKARTA. JAKARTA. The Ministry of Investment, also known as the Investment Coordinating Board (BKPM), reported that the realization of investments for the first quarter of 2024 reached IDR 401.5 trillion. This figure represents 24.3% of the target set by President Joko Widodo (Jokowi), which stands at IDR 1,650 trillion.

This figure marks a 22.1% growth year on year (yoy), and is 9.8% higher than the previous quarter.

In detail, the realization of foreign direct investment (FDI) amounted to IDR 204.4 trillion, growing 15.5% yoy. FDI continues to be the largest contributor to investment realization for the period of January-March this year, with a contribution of 50.9%.

"This is a manifestation of global trust in Indonesia under the leadership of President Jokowi. The world is in uncertainty, but our FDI remains stable," said the Minister of Investment/Head of BKPM Bahlil Lahadalia, on Monday (29/4).

In addition, the realization of domestic investment (PMDN) amounted to IDR 197.1 trillion, showing a high growth of 29.7% yoy. The PMDN contributed 49.1% to the total investment realization in the first three months of this year.

The investment realization outside Java reached IDR 201.0 trillion or equivalent to 50.1%, and the investment realization in Java reached IDR 200.5 trillion or equivalent to 49.9% of the total investment realization.