Antara, Jakarta – Investment Minister and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, announced that Indonesia's investment realization for the first half of 2024 reached Rp 829.9 trillion ($53.59 billion).

"As of the first semester of 2024, the realized investment stands at Rp 829.9 trillion," Rosan said in Jakarta on Tuesday.

Roeslani highlighted that this figure accounts for 67 percent of the ministry's target of Rp 1,239 trillion. However, compared to President Joko Widodo's investment target of Rp 1,650 trillion, the realization for the first half of 2024 is about 50.3 percent.

Investment distribution between Java and outside Java was fairly balanced, with investments outside Java totaling Rp 416.2 trillion (50.2 percent) and those in Java reaching Rp 413.7 trillion (49.8 percent).

Foreign Direct Investment (FDI) and Domestic Investment (DI) were also nearly balanced, with FDI amounting to Rp 421.7 trillion (50.8 percent) and DI totaling Rp 408.2 trillion (49.2 percent).

"Additionally, the employment absorption for the first half of 2024 was 1.23 million people," he added.

Rosan Roeslani remains optimistic about achieving the full-year investment target of Rp 1,650 trillion.

Source: https://jakartaglobe.id/business/investment-realization-hits-rp-8299-trillion-in-first-half-of-202