Investment Realization in Indonesia Reaches IDR 401.5 Trillion in Q1/2024

April 29, 2024, 01.08 PM | Reporter: Adinda Ade Mustami

ILUSTRASI. Sejumlah alat berat beroperasi di proyek pengembangan jalan yang menghubungkan kawasan industri dan Kawasan Ekonomi Khusus (KEK) di Batam, Kepulauan Riau, Jumat (15/3/2024). Badan Pengusahaan (BP) Batam terus mengerjakan sejumlah proyek peningkatan infrastruktur Sebagai salah satu daerah yang menjadi tujuan investasi di antaranya pengembangan jalan menuju Kawasan Ekonomi Khusus (KEK), bandara, pelabuhan kargo dan kawasan industri guna mendukung kegiatan investasi. ANTARA FOTO/Teguh Prihatna/Spt.

MACROECONOMICS - JAKARTA. The Ministry of Investment, also known as the Investment Coordinating Board (BKPM), reported that the realization of investments in 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 in the period from January to March of 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 Investment Minister/BKPM Head 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 realization of investment outside Java reached IDR 201.0 trillion or equivalent to 50.1%, and the realization of investment in Java reached IDR 200.5 trillion or equivalent to 49.9% of the total investment realization.