Bahlil Says The United States, Australia And South Korea Will Invest Heavily In Indonesia By The End Of 2021

Investment Minister Bahlil Lahadalia (Photo: Doc. Antara)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said that there would be three countries, namely the United States (US), Australia and South Korea, which would realize substantial investments by the end of 2021.

"Investment from Australia is quite large, from America which will enter is quite large. Then from Korea will also enter. By the end of 2021 they have made a realization. But what company and what figure, will wait for the play date," he said in a presentation on investment realization online, quoted from Antara, Tuesday, July 27.

Bahlil said that as a result of his recent working visit to the United States, his party had also succeeded in obtaining an investment from Cargill worth Rp5.2 trillion. Cargill plans to groundbreaking its investment expansion in September or October.

Meanwhile, in the health sector, Bahlil also invited investors from Uncle Sam's country to enter Indonesia. According to him, investment in the health sector in Indonesia has great potential because of the good domestic market.

"We know that 90 percent of our medical devices are imported, raw materials for health are also imported, even vaccines are all imported. So yesterday (during our visit to the US) we tried to open that access, and God willing, several companies will enter to build domestic industries. ," he said.

Despite getting a positive response to the influx of investment into Indonesia, Bahlil reminded that this prospect is also highly dependent on efforts to deal with COVID-19.

"God willing, in the future, our investment will get better as long as we are able to tackle COVID-19 together," said Bahlil.

The Ministry of Investment/BKPM noted that until the first semester of 2021, investment realization reached Rp442.8 trillion, or 49.2 percent of the target set by President Jokowi of Rp900 trillion.

The investment realization consists of the realization of PMA of IDR 228.5 trillion (51.6 percent) and the realization of PMDN of IDR 214.3 trillion (48.4 percent).

Singapore, Hong Kong, China, the Netherlands and South Korea were listed as the top five countries that invested the most in Indonesia during January-June 2021.