Local Governments Play Crucial Role in Attracting Investment, Says Deputy Investment Minister
JAKARTA, Investor.id — Local governments are considered to play a vital role in directly attracting investment, particularly for regional development and economic growth. This was conveyed by Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu during a working visit to Palu, Central Sulawesi, on Thursday (17/4/2025) to review regional investment realisation achievements.
"Central Sulawesi province has demonstrated outstanding performance with investment realisation of Rp 139.88 trillion in 2024, surpassing its target by 128.27% and ranking second nationally in foreign direct investment (FDI). This is a remarkable achievement," said Todotua, as quoted from a press release on Saturday (19/4/2025).
During the same working visit, Todotua met with Central Sulawesi Governor Anwar Hafid to discuss the development of investment potential in the province. He also held a consolidation meeting on the 2025 investment realisation targets with local government officials and heads of the Investment and One-Stop Integrated Services Office (DPMPTSP) across Central Sulawesi.
On that occasion, he highlighted the 8% economic growth target with investment needs reaching Rp 13,032.8 trillion through to 2029. Of that amount, 86.65% is expected to come from private investment.
"Local governments have a strategic role in attracting investment, especially for economic growth in their respective regions," said Todotua.
To date, Todotua said the largest investment contributions have come from the base metals, chemicals, pharmaceuticals, mining, and industrial estate sectors. Meanwhile, in 2025, Central Sulawesi is targeted to absorb investment of up to Rp 162.57 trillion, equivalent to 8.53% of the national target.
Still in Sulawesi, Todotua also visited the Palu Special Economic Zone (SEZ) as part of an evaluation of infrastructure readiness and the potential for sustainable investment development in the area. During this visit, he directly inspected a number of companies operating in the downstreaming sector, particularly in the mining minerals sector for buton asphalt and copper commodities, as well as the plantation sector for pine resin commodities.
The companies included PT Asbuton Jaya Abadi, which operates in the wholesale trade of solid, liquid, and gas fuels with an investment value of Rp 55.7 billion; PT Hong Thai Internasional, which processes pine resin with an investment value of Rp 26.15 billion; and PT Wanhong Nonferrous Recycling Utilization, a company running a copper smelter with an investment value of Rp 296.2 billion.
Todotua expressed his hope that these companies would not only continue developing their potential but also deliver tangible benefits to the community, such as job creation, economic circulation, and equitable growth.
"Investment is not merely about figures, but about real impact for the community, such as employment, economic equity, and welfare," he said.
"Central Sulawesi province has demonstrated outstanding performance with investment realisation of Rp 139.88 trillion in 2024, surpassing its target by 128.27% and ranking second nationally in foreign direct investment (FDI). This is a remarkable achievement," said Todotua, as quoted from a press release on Saturday (19/4/2025).
During the same working visit, Todotua met with Central Sulawesi Governor Anwar Hafid to discuss the development of investment potential in the province. He also held a consolidation meeting on the 2025 investment realisation targets with local government officials and heads of the Investment and One-Stop Integrated Services Office (DPMPTSP) across Central Sulawesi.
On that occasion, he highlighted the 8% economic growth target with investment needs reaching Rp 13,032.8 trillion through to 2029. Of that amount, 86.65% is expected to come from private investment.
"Local governments have a strategic role in attracting investment, especially for economic growth in their respective regions," said Todotua.
To date, Todotua said the largest investment contributions have come from the base metals, chemicals, pharmaceuticals, mining, and industrial estate sectors. Meanwhile, in 2025, Central Sulawesi is targeted to absorb investment of up to Rp 162.57 trillion, equivalent to 8.53% of the national target.
Still in Sulawesi, Todotua also visited the Palu Special Economic Zone (SEZ) as part of an evaluation of infrastructure readiness and the potential for sustainable investment development in the area. During this visit, he directly inspected a number of companies operating in the downstreaming sector, particularly in the mining minerals sector for buton asphalt and copper commodities, as well as the plantation sector for pine resin commodities.
The companies included PT Asbuton Jaya Abadi, which operates in the wholesale trade of solid, liquid, and gas fuels with an investment value of Rp 55.7 billion; PT Hong Thai Internasional, which processes pine resin with an investment value of Rp 26.15 billion; and PT Wanhong Nonferrous Recycling Utilization, a company running a copper smelter with an investment value of Rp 296.2 billion.
Todotua expressed his hope that these companies would not only continue developing their potential but also deliver tangible benefits to the community, such as job creation, economic circulation, and equitable growth.
"Investment is not merely about figures, but about real impact for the community, such as employment, economic equity, and welfare," he said.