KKP Targets Investment In The Marine And Fisheries Sector To Reach IDR 79.21 Trillion By 2029

JAKARTA - The Ministry of Maritime Affairs and Fisheries (KKP) targets that the investment value in the marine and fisheries sector will reach IDR 79.21 trillion in the period 2025-2029.

According to KKP Secretary General Rudy Heriyanto Adi Nugroho, the target was raised to support national economic growth of 8 percent in 2029.

Moreover, based on the calculation of the Ministry of Investment and Downstreaming/BKPM, it takes PMA and PMDN investment of Rp. 13,033 trillion during 2025-2029 to realize the economic growth target.

"KKP has increased its marine and fishery investment target to IDR 79.21 trillion in the period 2025-2029, growing by 74.28 percent from investment achievements from 2020 to 2024," said Rudy at an Investment and Business Matching event entitled "Accelerate National Economic Growth Through Downstreaming of Fisheries in Jakarta, Thursday, November 20.

Based on the exposure material displayed, the investment value in the marine and fisheries sector continues to rise from 2020 to 2024, only in 2021 it will decrease slightly. In detail, in 2020 the investment value is IDR 6.29 trillion, then it decreases to IDR 5.99 trillion in 2021.

Then, it will increase again to IDR 8.75 trillion in 2022. Next in 2023 it was recorded at IDR 12.07 trillion and in 2024 it reached IDR 12.35 trillion.

Thus, the total investment value in the 2020-2024 period reached IDR 45.45 trillion. The investment value also grew by 20.37 percent on an annual basis or year on year (yoy).

Meanwhile, the details for the investment target until 2029, namely in 2025, are targeted at IDR 13.11 trillion, then 2026 will reach IDR 14.47 trillion and in 2027 it will reach IDR 15.84 trillion.

Furthermore, the KKP targets an investment value of IDR 17.21 trillion in 2028 and in 2029 it is hoped that it can reach IDR 18.58 trillion. Thus, the total investment value expected can reach IDR 79.21 trillion.

"Therefore, we need to encourage investment in the marine and fisheries sector so that it can be realized according to the set target. The role of the private sector in realizing investment is very significant to drive the national economy," he added.