Indonesian Political, Business & Finance News

Central Java Investment Business Forum 2026 Yields 40 Letters of Intent Worth Rp16 Trillion

| Source: ANTARA_ID Translated from Indonesian | Investment
Central Java Investment Business Forum 2026 Yields 40 Letters of Intent Worth Rp16 Trillion
Image: ANTARA_ID

Semarang (ANTARA) - The Central Java Investment Business Forum (CJIBF) 2026 has produced 40 Letters of Intent (LoIs), or investment interest notes, valued at Rp16 trillion.

Head of the Central Java Investment and One-Stop Integrated Services Agency (DPMPTSP) Sakina Rosellasari stated in Semarang on Monday that this achievement resulted from a series of one-on-one meetings involving potential investors, local government, industrial zone managers, and business actors.

The 40 LoIs emerged from these meetings for 21 projects offered to potential investors, comprising 17 projects across sectors such as renewable energy, agriculture and food downstreaming, tourism, and mining.

The remaining four pertain to major industrial zones in Central Java, namely Kendal Special Economic Zone, Industropolis Batang Special Economic Zone, Wijayakusuma Industrial Park, and Jatengland Industrial Park Sayung.

“Of course, it is the task of the DPMPTSP to follow up on this. We will monitor the interest that has been signed in Letters of Intent to ensure it truly materialises as investments,” she said.

She noted that potential investors were highly enthusiastic about all offered sectors, both domestic and foreign, expressing initial commitments for business cooperation or investment.

Sectors attracting interest from domestic investors (PMDN) include manufacturing, biomass, geothermal, salt industry, as well as mocaf and agricultural product downstreaming.

“There is foreign direct investment (PMA) and domestic investment (PMDN). The PMA I know of comes from Thailand, China, and India. We continue to monitor this interest. It usually takes 1-2 years, and realisation depends on the country of origin of the investor for conducting studies,” she said.

Sakina added that the CJIBF is held to boost the achievement of annual investment targets.

In 2025, investment realisation in Central Java reached Rp110 trillion, while this year’s target is expected to exceed the previous year’s.

Meanwhile, Central Java Governor Ahmad Luthfi stated that the CJIBF is a collaboration between the Central Java Provincial Government and the Bank Indonesia Representative for Central Java Province to promote investment potential.

“The aim is to bring together entrepreneurs or potential investors, both domestic and foreign, with the government, government partners including industrial zones,” he said.

He emphasised that he will continue to intensify the investment sector in the region, given its significant contribution to the local economy.

High investment levels have contributed to Central Java’s economic growth in the first quarter of this year at 5.89%, above the national average of 5.61%.

“This means that to boost the economy in our region, we need forums like this,” he said.

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