Investment Target 2024 Assessed Will Achieve Target

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia admitted that he is optimistic that Indonesia's investment target will reach the target of IDR 1,650 trillion by the end of 2014.

Bahlil said this was due to the investor's response following the results of the presidential election which was considered positive. With the fulfillment of the investment target, Bahlil also believes that economic growth will be above 5 percent even though the world economy has slowed down.

"I am sure that God willing, the investment target of Ro1,650 trillion can be achieved as a condition for economic growth above 5 percent even though the global economy is not in good condition," Bahlil told the media at the Presidential Palace, Monday, February 26.

Bahlil admitted that previously compact investors took a wait and see stance to invest in Indonesia, which is currently entering the election year.

Then regarding the use of the right of inquiry to investigate alleged election fraud, Bahlil also emphasized that this would not have an impact on the investment climate.

"Ah, nothing!" said Bahlil.

Previously, the Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan said he was confident that Indonesia's investment in 2024 could reach the target of IDR 1,650 trillion.

According to Luhut, after the General Election on February 14, many investors wanted to enter to invest in Indonesia after previously tended to take a wait and see attitude.

He added that after the election, he also received many congratulations by telephone regarding the smooth running of the 2024 General Election which was considered the largest election in the world.

Luhut said that although the economy of China and the world is experiencing difficulties, there are already investors from China who want to build a petrochemical industry and downstreaming projects from stainless steel to produce eating utensils and syringes.