Deputy Minister Highlights Strategic Role of Regional Governments in Attracting Investment
Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, has emphasised the strategic importance of regional governments in attracting investment for local economic growth.
He made the remarks during a working visit to Palu, Central Sulawesi, to review the province's investment performance.
"Regional governments have a strategic role in attracting investment, particularly for economic growth in their respective areas," Todotua said in a statement on Saturday (19/4).
The Deputy Minister praised Central Sulawesi's performance, noting the province recorded investment realisation of Rp139.88 trillion in 2024, or 128.27 per cent of its target, making it the second-highest ranked province nationally for Foreign Direct Investment (FDI).
During the visit, Todotua met Central Sulawesi Governor Anwar Hafid to discuss the development of investment potential. He also chaired a Consolidation Meeting on 2025 Investment Realisation Targets with regional officials and heads of the One-Stop Integrated Services and Investment Offices (DPMPTSP) across Central Sulawesi.
"President Prabowo Subianto has set a national economic growth target of eight per cent by 2029. To achieve this, investment of Rp13,032.8 trillion is required, with 86.65 per cent of that amount expected to come from the private sector," he said.
Todotua noted that the base metals, chemicals, pharmaceuticals, mining, and industrial estate sectors remain the primary contributors to national investment.
"Central Sulawesi is targeted to absorb Rp162.57 trillion in investment in 2025, equivalent to 8.53 per cent of the national target," he explained.
He also conducted a direct inspection of the Palu Special Economic Zone (SEZ) to evaluate infrastructure readiness and sustainable investment potential.
He made the remarks during a working visit to Palu, Central Sulawesi, to review the province's investment performance.
"Regional governments have a strategic role in attracting investment, particularly for economic growth in their respective areas," Todotua said in a statement on Saturday (19/4).
The Deputy Minister praised Central Sulawesi's performance, noting the province recorded investment realisation of Rp139.88 trillion in 2024, or 128.27 per cent of its target, making it the second-highest ranked province nationally for Foreign Direct Investment (FDI).
During the visit, Todotua met Central Sulawesi Governor Anwar Hafid to discuss the development of investment potential. He also chaired a Consolidation Meeting on 2025 Investment Realisation Targets with regional officials and heads of the One-Stop Integrated Services and Investment Offices (DPMPTSP) across Central Sulawesi.
"President Prabowo Subianto has set a national economic growth target of eight per cent by 2029. To achieve this, investment of Rp13,032.8 trillion is required, with 86.65 per cent of that amount expected to come from the private sector," he said.
Todotua noted that the base metals, chemicals, pharmaceuticals, mining, and industrial estate sectors remain the primary contributors to national investment.
"Central Sulawesi is targeted to absorb Rp162.57 trillion in investment in 2025, equivalent to 8.53 per cent of the national target," he explained.
He also conducted a direct inspection of the Palu Special Economic Zone (SEZ) to evaluate infrastructure readiness and sustainable investment potential.