In a push to meet Indonesia’s ambitious investment realization target of US$10.16 billion (Rp162.57 trillion) in Central Sulawesi this year, Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, visited the Palu Special Economic Zone (SEZ) to review key industrial sites and hold high-level meetings with local government leaders.
Pasaribu began his visit with a session alongside Central Sulawesi Governor Anwar Hafid to discuss investment potential in the region, followed by a coordination meeting with regional officials and heads of the Investment and One-Stop Integrated Service Offices (DPMPTSP) across the province, focused on aligning regional efforts with national investment goals.
The deputy minister emphasized that the central government is targeting US$814.55 billion (Rp13,032.8 trillion) in realized investments by 2029, with 86.65 percent expected to come from private sector contributions. Central Sulawesi is seen as a vital player, having exceeded its 2024 target with $8.74 billion in realized investments − 128.27 percent of the goal − placing it second nationwide in foreign direct investment (FDI).
Key investment contributors include the basic metals, chemicals, pharmaceuticals, mining, and industrial estate sectors, particularly in Morowali Regency, which has become a hub for nickel downstreaming and electric vehicle battery ecosystem development.
During his field inspection, Pasaribu visited three companies operating in the Palu SEZ: PT Asbuton Jaya Abadi, specializing in solid, liquid, and gas fuel trade (US$3.48 million); PT Hong Thai Internasional, processing pine resin ($1.63 million); and PT Wanhong Nonferrous Recycling Utilization, a copper smelter ($18.51 million).
“Investment is not just about numbers − it’s about creating real impact for the people, including jobs, economic equity, and public welfare,” Pasaribu said in a statement on Monday, April 21 ,2025.
His visit was part of the central government’s efforts to ensure infrastructure readiness and sustainable investment in strategic regions.
“We call on all stakeholders to make Central Sulawesi a model of investment synergy between government, private sector, and communities,” he concluded.
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