Minister of Investment and Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani emphasized that the investment realization in the third quarter of 2024 is significantly influenced by the government's consistent downstream policy. He highlighted that downstream activities are crucial for investment growth as they enhance value addition and job creation. "Downstreaming plays a vital role in increasing investment in Indonesia. Most importantly, it allows us to produce value-added products and create jobs," Rosan stated at a press conference concerning the investment realization for Q3 2024 and the achievements during the ten years of Jokowi's administration in Jakarta. Throughout Q3 2024, the Ministry of Investment/BKPM reported an investment realization of IDR 431.48 trillion, an increase of 15.24% compared to the same period last year, with downstream activities contributing IDR 91.51 trillion, or 21.2% of the total realization for the quarter. This investment realization not only contributes to fulfilling 26.15% of the total investment target for 2024 but also creates job opportunities for 650,172 Indonesians.
Reflecting on the strong achievements in Q3, cumulative investment realization from January to September 2024 also demonstrated positive performance, indicating that Indonesia is on track to meet its investment target by the end of 2024. "Realization has reached IDR 1.261 trillion, nearly a 20% year-on-year increase. The year-end target of IDR 1.650 trillion has been achieved at 76.4%. In fact, if we talk about the strategic plan target, we have exceeded it," Rosan noted. In the same vein, the January to September period is also influenced by downstream sectors, contributing IDR 272.91 trillion or 21.6% of total investment. Furthermore, investment outside Java reached IDR 635 trillion (50.34%), a 16.34% increase compared to IDR 545.81 trillion in the same period of 2023. Over the past ten years of President Jokowi’s administration, total investment realization reached IDR 9,117.4 trillion, with job absorption of 13,836,775 individuals, exceeding the strategic plan targets set by the Ministry of Investment/BKPM since 2021.
