The President Supports The Enhancement Of Investments To Achieve A Target Of Rp3.414 Trillion By The Year 2029

President of Indonesia, Prabowo Subianto, has expressed his support for the enhancement of investment across various sectors in the country, aiming to achieve an investment target of IDR 3,414 trillion by 2029. 

The Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, conveyed President Prabowo's support following a report on the full investment achievements in Indonesia for 2024 and the new targets set for the future. 

"Mr. President fully supports this initiative as investment plays a crucial role in driving Indonesia's economic growth," stated Rosan at the Presidential Palace in Jakarta on Tuesday. 

Rosan further presented data to President Prabowo, indicating that the total investment received by Indonesia in 2024 amounted to IDR 1,714.2 trillion, surpassing the initial target of IDR 1,650 trillion. 

This investment has also successfully generated employment opportunities, absorbing 2,456,130 domestic workers, which represents a 34.7 percent increase compared to the achievements of 2023. 

In terms of investment distribution, Rosan noted that investments outside of Java accounted for 52.2 percent, valued at IDR 895.4 trillion, while investments within Java represented 47.8 percent, amounting to IDR 818.8 trillion. 

From the perspective of funding sources, the Ministry of Investment and Downstream Industry reported that foreign direct investment (FDI) constituted a larger share compared to domestic investment. Specifically, FDI accounted for 52.5 percent, or IDR 900.2 trillion, while domestic investment made up 47.5 percent, totaling IDR 814 trillion. 

When comparing the achievements of 2024 with those of 2023, Rosan highlighted increases in both FDI and domestic investment, with respective growth rates of 21 percent and 20.6 percent. 

Additionally, investments in the downstream sector for 2024 were reported, with realized investments reaching IDR 407.8 trillion, representing 23.8 percent of the total investments in Indonesia. 

Tag: BKPM Prabowo Subianto