In a significant announcement, Minister of Investment/BKPM Head Bahlil Lahadalia provided insights into Indonesia’s robust economic performance during a press conference held on Monday, April 29, 2024. Lahadalia shared that Indonesia had attracted a remarkable Rp204.4 trillion in foreign direct investment (FDI) in the first quarter of 2024, marking an impressive 15.5% year-on-year increase.
Against the backdrop of global economic uncertainties, Lahadalia expressed gratitude for the continued confidence of investors in Indonesia’s economic potential under President Jokowi’s leadership. Despite the challenging global landscape, Indonesia’s FDI remained resilient, reflecting the nation’s stability and attractiveness as an investment destination.
Analyzing the sectors that received substantial FDI inflows, Lahadalia pointed out the significant investments in basic metal industries, metal goods, and non-machinery equipment, totaling US$2.7 billion. The mining sector followed closely with US$1.4 billion, indicating sustained investor interest in Indonesia’s natural resources. Additionally, investments in transportation, warehousing, and telecommunications reached US$1.2 billion, underlining the nation’s infrastructure development.
Geographically, West Java emerged as the top destination for FDI, attracting US$2.7 billion, followed by Central Sulawesi with US$1.7 billion. This regional distribution underscores Indonesia’s economic diversity and investment potential across various provinces. Lahadalia’s comprehensive briefing on Indonesia’s FDI landscape reflects the nation’s resilience and attractiveness to global investors. With sustained economic growth and strategic reforms, Indonesia continues to position itself as a key player in the global economy, fostering prosperity and development nationwide.
