The investment realization achievement in Indonesia during the period of January-March 2024, or throughout the first quarter (Q1), reached IDR 405.5 trillion. This resulted in the absorption of 547,419 laborers. The Minister of Investment and Head of the Indonesia Investment Coordinating Board (BKPM), Bahlil Lahadalia, disclosed this information during a Press Conference on Investment Realization for the First Quarter of 2024 held at the Barli Halim Building, Ministry of Investment/BKPM Office, Jakarta on Monday (29/4/2024). According to Infopublik.id, this realization experienced a 9.8% increase compared to Q4 2023 and a 22.1% increase compared to Q1 2023. Bahlil stated that this achievement marks the highest in history and signifies global trust in Indonesia. "Alhamdulillah, this achievement is a manifestation of global trust in Indonesia," said Bahlil.
In addition to global trust, the BKPM Head highlighted the roles of technical ministries and coordinating ministries in realizing President Joko Widodo's directives as reasons for this achievement. "Imagine the world in uncertain economic conditions, yet our foreign direct investment remains preserved through good collaboration between the President's directives, the directives of the Coordinating Minister, and technical ministries including the Ministry of Investment," he added. For reference, the total breakdown of investment realization consists of Foreign Direct Investment (FDI) amounting to IDR 204.4 trillion, absorbing 328,073 workers, and Domestic Direct Investment (DDI) amounting to IDR 197.1 trillion, absorbing 219,346 workers. The Basic Metal Industry, Metal Goods, Non-Machinery and Equipment sector contributed the most, reaching USD 2.7 billion or 20.2%. As for DDI, the Transportation, Warehousing, and Telecommunications sector emerged as the largest contributor with a value of IDR 30.2 trillion or 15.3%.
