Published on 17/10/2024 at 03:38 GMT+7 Reading time
The investment realization report for third quarter of 2024 has revealed positive trend in investment realization in the country, which is in line with the World Bank's projection that Indonesia's economic growth will be around 5.0 percent this year.
Minister of Investment/Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, emphasized that the performance of investment realization in the third quarter of 2024 was strongly influenced by the downstream policy consistently implemented by the government.
“Downstream plays an important role in increasing investment in Indonesia. Most importantly, downstreaming allows us to have products with added value and create jobs,” Rosan told a press conference on Investment Realization for the Third Quarter of 2024 and Investment Achievement for 10 Years of Jokowi's Administration held in Jakarta on Tuesday, October 15, 2024.
Throughout the third quarter of 2024, the Ministry of Investment/BKPM recorded investment realization of Rp431.48 trillion (US$27. 62 billion) or an increase of 15.24 percent compared to the same period of last year, with the downstream sector contributing Rp91.51 trillion (US$5.85 billion) or 21.2 percent of the total realization of the quarter. The realization figure not only contributed to the fulfillment of 26.15 percent of the total investment target for 2024, but also became a forum for the absorption of 650,172 Indonesian workers.
“We see that this (downstreaming) figure is quite consistent, both on a quarterly, annual, and five-year basis, always above 20 percent. This shows that the downstream policy has produced a very positive impact,” Rosan said.
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