Indonesia's Downstream Investment Reaches Rp407.8 Trillion in 2024, Up 8.63%
The Ministry of Investment and Downstreaming/BKPM recorded positive achievements in the investment sector throughout 2024. Of the total realised investment of Rp1,714.2 trillion, some Rp407.8 trillion or approximately 23.8% came from the downstreaming sector, up 8.63% compared to the previous year.
The largest contribution came from the mineral sector, which produced processed mining products through smelter construction. The value reached Rp245.2 trillion, comprising nickel products at Rp153.2 trillion, copper at Rp68.5 trillion, bauxite at Rp21.8 trillion, and tin at Rp1.6 trillion.
The forestry sector also recorded strong performance through pulp and paper production for paper, cardboard, nappies, and wood pulp needs, with an investment value of Rp64 trillion.
In the agricultural sector, production of palm oil or crude palm oil (CPO) and oleochemicals used as raw materials for cooking oil and biodiesel contributed Rp67.1 trillion. Meanwhile, the oil and gas sector through petrochemical production for resin, asphalt, fuel, and methanol products contributed Rp23.1 trillion.
Investment in electric vehicle ecosystem development also began to show its role, with a value of Rp8.4 trillion, particularly for electric vehicle battery production.
Overall, Indonesia's 2024 investment achievement surpassed the presidential target of Rp1,650 trillion, with realisation recorded at Rp1,714.2 trillion or 103.9% of the target. The figure even soared to 138.3% compared to the Strategic Plan target of Rp1,239.3 trillion.
Beyond recording large figures, this year's investment also had a direct impact on job creation. Some 2.5 million workers were absorbed throughout 2024, an increase of 34.7% year-on-year. This is a positive signal that downstreaming not only drives added value for domestic products but also opens broader economic opportunities for the public.
The largest contribution came from the mineral sector, which produced processed mining products through smelter construction. The value reached Rp245.2 trillion, comprising nickel products at Rp153.2 trillion, copper at Rp68.5 trillion, bauxite at Rp21.8 trillion, and tin at Rp1.6 trillion.
The forestry sector also recorded strong performance through pulp and paper production for paper, cardboard, nappies, and wood pulp needs, with an investment value of Rp64 trillion.
In the agricultural sector, production of palm oil or crude palm oil (CPO) and oleochemicals used as raw materials for cooking oil and biodiesel contributed Rp67.1 trillion. Meanwhile, the oil and gas sector through petrochemical production for resin, asphalt, fuel, and methanol products contributed Rp23.1 trillion.
Investment in electric vehicle ecosystem development also began to show its role, with a value of Rp8.4 trillion, particularly for electric vehicle battery production.
Overall, Indonesia's 2024 investment achievement surpassed the presidential target of Rp1,650 trillion, with realisation recorded at Rp1,714.2 trillion or 103.9% of the target. The figure even soared to 138.3% compared to the Strategic Plan target of Rp1,239.3 trillion.
Beyond recording large figures, this year's investment also had a direct impact on job creation. Some 2.5 million workers were absorbed throughout 2024, an increase of 34.7% year-on-year. This is a positive signal that downstreaming not only drives added value for domestic products but also opens broader economic opportunities for the public.