Amidst the backdrop of global economic unpredictability, Minister of Investment/BKPM Head Bahlil Lahadalia delivered uplifting news during a press briefing on Monday, April 29, 2024. With a tone of confidence, Lahadalia announced that Indonesia had attracted an impressive Rp204.4 trillion in foreign direct investment (FDI) during the first quarter of 2024, marking a substantial 15.5% year-on-year growth. This exceptional performance, Lahadalia emphasized, underscores the unwavering trust of investors in Indonesia’s economic stability, particularly under the leadership of President Jokowi.
Breaking down the figures, Lahadalia highlighted the key sectors that had captured significant FDI inflows. Notably, investments poured into the basic metal industries, metal goods, and non-machinery equipment sectors, amounting to US$2.7 billion. The mining sector closely followed with US$1.4 billion, along with substantial investments in transportation, warehousing, and telecommunications, totaling US$1.2 billion.
Geographically, the investment landscape was equally dynamic, with West Java emerging as the top destination for FDI, attracting US$2.7 billion. Central Sulawesi followed suit with US$1.7 billion, reinforcing Indonesia’s position as an investment hotspot in the region. Lahadalia’s comprehensive overview of Indonesia’s FDI performance serves as a testament to the nation’s resilience and attractiveness as an investment destination. With a diverse economy and favorable investment climate, Indonesia continues to chart a path of sustainable economic growth and development on the global stage.
