These are the 5 countries with the most investment in Indonesia
Holiday Ayo - Foreign investors' interest in investing in Indonesia continues to increase, even though global economic conditions are still clouded by uncertainty.
This is as shown by investment realization data for semester I-2024 of the Ministry of Investment or the Investment Coordinating Board (BKPM).
Based on data from the Ministry of Investment, realized foreign investment (PMA) reached IDR 421.7 trillion in the first half of 2024. This value rose 16.1 percent from the same period last year.
“Behind global economic uncertainty, we remain grateful that the global public still trusts our country to be one of the country's investment destinations," said the Minister of Investment or Head of BKPM, Bahlil Lahadalia reported by kompas.com, Monday (29/7).
If we look at the country of origin, Singapore is still the country with the largest FDI in the country. It was recorded that the investment value from Singapore reached 8.9 billion US dollars or the equivalent of around IDR 144.62 trillion (assuming an exchange rate of IDR 16,250 per US dollar).
Following Singapore is China, with investment realization of 3.9 billion US dollars or the equivalent of around IDR 63.37 trillion.
Then, third place is occupied by Hong Kong with a realized investment of 3.8 billion US dollars or the equivalent of around IDR 61.75 trillion.
Furthermore, in fourth place the country with the largest investment in Indonesia is the United States (US) with a value of 2 billion US dollars or the equivalent of around IDR 32.5 trillion.
The fifth position is occupied by Japan, with an investment of 1.8 billion US dollars or the equivalent of IDR 29.25 trillion.
“This semester, Singapore, China, Hong Kong, the United States are in the top four, and Japan," said Bahlil.
Foreign investors place most of their funds in the basic metal industry subsector, metal goods, non-machinery and equipment.
The recorded FDI investment value for this subsector reached 7.1 billion US dollars. Then, PMA investment in the mining subsector reached 2.3 billion US dollars.
Foreign investor interest in the transportation, warehouse and telecommunications subsectors was also recorded as high, with a value of 2 billion US dollars.
Meanwhile, if we look at it based on location, the most foreign investment was realized in West Java, with a value of 5.3 billion US dollars. This v
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