Central Sulawesi Investment Target Raised to Rp150 Trillion Following Record 2024 Performance
Deputy Minister of Investment and Downstream Industries/Deputy Head of BKPM Todotua Pasaribu said the investment realisation target has been raised after the province successfully attracted Rp139.88 trillion in investment, surpassing its target by 128.27 per cent.
"Central Sulawesi has demonstrated outstanding performance with investment realisation of Rp139.88 trillion in 2024, exceeding the target by 128.27 per cent and ranking second nationally in Foreign Direct Investment (FDI)," Todotua said following a working visit to Central Sulawesi on Thursday, 17 April 2025.
Todotua detailed that the largest investment contributions came from the base metals, chemicals, pharmaceuticals, mining, and industrial estate sectors, with Morowali Regency serving as the centre for nickel downstream industrial development and the electric vehicle battery ecosystem.
During the visit, Todotua held a meeting with Central Sulawesi Governor Anwar Hafid to discuss the development of regional investment potential. He subsequently chaired a consolidation meeting on 2025 investment realisation targets with heads of investment and integrated services agencies across Central Sulawesi.
At the meeting, he conveyed that the government is targeting national economic growth of 8 per cent, requiring investment realisation of Rp13,032.8 trillion through to 2029. Some 86.65 per cent of this total is expected to come from private investment, making active involvement of regional governments crucial.
Beyond the meeting agenda, Todotua also directly inspected several companies in the Palu Special Economic Zone operating in the downstream sector. These included PT Asbuton Jaya Abadi (Rp55.7 billion investment) engaged in fuel trading, PT Hong Thai Internasional (Rp26.15 billion) in pine resin processing, and PT Wanhong Nonferrous Recycling Utilization (Rp296.2 billion) operating a copper smelter.
"Investment is not merely about figures, but about real impact on communities — from job creation to equitable prosperity," he affirmed in an official statement on Friday, 18 April 2025.
Todotua expressed hope that the visit would strengthen synergy between central and regional governments in developing a conducive investment climate. "We call on all stakeholders to make Central Sulawesi a model of investment synergy between government, the private sector, and the community," he concluded.
"Central Sulawesi has demonstrated outstanding performance with investment realisation of Rp139.88 trillion in 2024, exceeding the target by 128.27 per cent and ranking second nationally in Foreign Direct Investment (FDI)," Todotua said following a working visit to Central Sulawesi on Thursday, 17 April 2025.
Todotua detailed that the largest investment contributions came from the base metals, chemicals, pharmaceuticals, mining, and industrial estate sectors, with Morowali Regency serving as the centre for nickel downstream industrial development and the electric vehicle battery ecosystem.
During the visit, Todotua held a meeting with Central Sulawesi Governor Anwar Hafid to discuss the development of regional investment potential. He subsequently chaired a consolidation meeting on 2025 investment realisation targets with heads of investment and integrated services agencies across Central Sulawesi.
At the meeting, he conveyed that the government is targeting national economic growth of 8 per cent, requiring investment realisation of Rp13,032.8 trillion through to 2029. Some 86.65 per cent of this total is expected to come from private investment, making active involvement of regional governments crucial.
Beyond the meeting agenda, Todotua also directly inspected several companies in the Palu Special Economic Zone operating in the downstream sector. These included PT Asbuton Jaya Abadi (Rp55.7 billion investment) engaged in fuel trading, PT Hong Thai Internasional (Rp26.15 billion) in pine resin processing, and PT Wanhong Nonferrous Recycling Utilization (Rp296.2 billion) operating a copper smelter.
"Investment is not merely about figures, but about real impact on communities — from job creation to equitable prosperity," he affirmed in an official statement on Friday, 18 April 2025.
Todotua expressed hope that the visit would strengthen synergy between central and regional governments in developing a conducive investment climate. "We call on all stakeholders to make Central Sulawesi a model of investment synergy between government, the private sector, and the community," he concluded.