Bahlil: Realization Of Investment In Semester I-2024 Reaches IDR 829.9 Trillion, Remaining 49.7 Percent Of The Target

Investment Minister Bahlil Lahadalia (Photo: dock. VOI)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed that the realization of investments in the first semester of 2024 reached IDR 829.9 trillion. This figure increased 22.3 percent compared to the same period the previous year.

Referring to data from the Ministry of Investment, during that period the most disbursed was foreign investment (PMA) with a nominal value of IDR 421.7 trillion, an increase of 16.1 percent on an annual basis.

Meanwhile, domestic investment (PMDN), continued Bahlil, reached Rp408.2 trillion, an increase of 29.1 percent from the same period the previous year.

"Alhamdulillah, one semester now reaches Rp. 829.9 trillion, growing 22.3 percent. With a target of Rp. 1,650 trillion, now we have 50.3 percent. So whoever is my manager, he just has to find 49.7 percent," Bahlil said at the Investment Realization Press Conference in Quarter II and Semester I 2024, at the Ministry of Investment office, Jakarta, Monday, July 28.

Bahlil revealed that with the realization of the investment, the Ministry of Investment noted that 1,225,042 workers had been absorbed throughout the first semester of 2024.

Furthermore, Bahlil said that the realization of investment in the first semester of 2024 was mostly targeted at areas outside Java. The portion reaches 50.2 percent outside Java and 49.8 percent in Java.

In detail, investment outside Java reached IDR 416.2 trillion. This figure increased 17.3 percent from the same period the previous year.

Meanwhile, continued Bahlil, investment in Java reached IDR 413.7 trillion. This figure increased by 27.8 percent from the first semester of 2023.

Java and outside Java in 2023, in the first semester of 2023 it was 52.3 percent. Now 50.2 percent, we have to run this again, especially toll roads in Java, West Java and Central Java, East Java, DIY has quite an extraordinary impact on considerations than investors. Because entering the logistics cost is much cheaper," he explained.

The top five locations for the realization of PMDN investment in the first semester of 2024 are DKI Jakarta Rp69.3 trillion. Then, West Java was Rp49.2 trillion. Then, East Java was Rp44.1 trillion. Furthermore, Riau was Rp40.3 trillion. Finally, East Kalimantan was Rp24.4 trillion.

Meanwhile, the top five locations for the realization of PMA investment in the first semester of 2024 are West Java with 5.3 billion US dollars. Then, Central Sulawesi 3.9 billion US dollars. Then, DKI Jakarta 3.4 billion US dollars. Furthermore, North Maluku 2.8 billion US dollars. Finally, Banten amounted to 2.4 billion US dollars.

Singapore is still the country with the most investments in Indonesia in the first semester of 2024 with a nominal value of 8.9 billion US dollars. Second, China with 3.9 billion US dollars. Third, Hong Kong 3.8 billion US dollars. The fourth United States 2 billion US dollars. Finally, Japan 1.8 billion US dollars.