Makassar Investment Value Drops 35 Per Cent in 2024
MAKASSAR — Investment value in Makassar fell significantly throughout 2024, with realisation reaching only Rp3.82 trillion, down 35.03 per cent compared to Rp5.89 trillion in 2023.
According to data from the Investment Coordinating Board (BKPM), the decline occurred across both types of investment. Foreign Direct Investment (PMA) fell 17.04 per cent from Rp652.83 billion to Rp541.56 billion, whilst Domestic Direct Investment (PMDN) plunged more steeply by 37.27 per cent from Rp5.23 trillion to Rp3.28 trillion.
The Head of Makassar's Investment and One-Stop Integrated Services Agency (PM-PTSP), Helmy Budiman, said the decline occurred across nearly all sectors.
"The largest investment still came from the housing, industrial estate and urban sector at Rp864 billion, followed by transport, warehousing and telecommunications at Rp749 billion, trade and repair at Rp652 billion, and other services at Rp514 billion," Helmy said on Sunday, 20 April 2025.
However, one sector showed significant growth — mining, which surged from Rp74 billion to more than Rp282 billion.
Despite the decline, Makassar remained the largest contributor to investment in South Sulawesi. "Makassar's contribution to total South Sulawesi investment reached 27.27 per cent. Of the more than Rp14 trillion invested in South Sulawesi, Rp3.8 trillion came from Makassar," Helmy said.
He added that various factors contributed to the decline, including global dynamics and national politics. "The presidential and regional elections, as well as global conflicts such as the wars in Ukraine and the Middle East, affected the investment climate. Investors are still assessing macro conditions before committing at the micro level," Helmy explained.
Furthermore, the absence of any active National Strategic Projects (PSN) during the year also weighed on investment performance. "Unlike 2023, which had the toll road and Makassar New Port projects, this year there is the PSEL (waste-to-energy) project, but it has not yet commenced. If it is realised in 2025, its value could reach Rp2 to Rp3 trillion," Helmy said.
According to data from the Investment Coordinating Board (BKPM), the decline occurred across both types of investment. Foreign Direct Investment (PMA) fell 17.04 per cent from Rp652.83 billion to Rp541.56 billion, whilst Domestic Direct Investment (PMDN) plunged more steeply by 37.27 per cent from Rp5.23 trillion to Rp3.28 trillion.
The Head of Makassar's Investment and One-Stop Integrated Services Agency (PM-PTSP), Helmy Budiman, said the decline occurred across nearly all sectors.
"The largest investment still came from the housing, industrial estate and urban sector at Rp864 billion, followed by transport, warehousing and telecommunications at Rp749 billion, trade and repair at Rp652 billion, and other services at Rp514 billion," Helmy said on Sunday, 20 April 2025.
However, one sector showed significant growth — mining, which surged from Rp74 billion to more than Rp282 billion.
Despite the decline, Makassar remained the largest contributor to investment in South Sulawesi. "Makassar's contribution to total South Sulawesi investment reached 27.27 per cent. Of the more than Rp14 trillion invested in South Sulawesi, Rp3.8 trillion came from Makassar," Helmy said.
He added that various factors contributed to the decline, including global dynamics and national politics. "The presidential and regional elections, as well as global conflicts such as the wars in Ukraine and the Middle East, affected the investment climate. Investors are still assessing macro conditions before committing at the micro level," Helmy explained.
Furthermore, the absence of any active National Strategic Projects (PSN) during the year also weighed on investment performance. "Unlike 2023, which had the toll road and Makassar New Port projects, this year there is the PSEL (waste-to-energy) project, but it has not yet commenced. If it is realised in 2025, its value could reach Rp2 to Rp3 trillion," Helmy said.