Bahlil Targets 29 Investment Opportunities Projects Will Groundbreaking In 2024

Investment Minister Bahlil Lahadalia (Photo: VOI)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed that 29 investment opportunity map projects (PPI) are in demand by investors from 81 PPI projects and his party will continue to assist until the investment is realized.

"There are around 29 (projects) who are interested, but from this interest we want to destroy it to reach the execution stage," he said at a press conference in Jakarta, Monday, March 18, 2024.

Bahlil said the project had only been launched for two years and it is estimated that the stage will be around 70 percent. So that by 2024 it is targeted that of the 29 projects there must already be groundbreaking.

"Because we have only lasted for two years. Usually we present the two years, the stages have reached 60 percent to 70 percent. So this year we are targeting 29 of these projects to have been groundbreaking," he said.

According to Bahlil, this PPI project is a new way from the government to offer priority sectors such as tourism for investment.

"This is a new style, we are promoting. So far, directing investors is still partial, still sporadic. Now we are starting to direct sectors that are our priority scale and if I'm not mistaken for the three or four years, especially in the tourism sector, it's starting to work," he said.

Citing data from the Ministry of Investment/BKPM, there are 81 projects with a total investment of IDR 239 trillion spread across six sectors throughout Indonesia, ranging from the agro-industrial, renewable energy, industry, industrial estate and tourism sectors.