Regional Governments Play Strategic Role in Attracting Investment, Says Deputy Investment Minister
JAKARTA - Regional governments are considered to play an important and strategic role in attracting direct investment, particularly for the development of their respective regions and economies. This was stated 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 (17/4/2024). The visit was conducted to review investment realisation achievements in the region.
"Central Sulawesi province has demonstrated outstanding performance with investment realisation of Rp139.88 trillion in 2024, or 128.27% of the set target. The province also ranks second nationally in Foreign Direct Investment (FDI). This is a remarkable achievement," said Todotua.
During the visit, Todotua also met with Central Sulawesi Governor Anwar Hafid to discuss the development of investment potential in the province. He also chaired a Consolidation Meeting on the 2025 Investment Realisation Target with regional government officials and heads of the Investment and One-Stop Integrated Services Office (DPMPTSP) across Central Sulawesi.
On that occasion, Todotua reminded attendees of President Prabowo Subianto's government target of achieving 8% national economic growth, requiring investment of up to Rp13,032.8 trillion by 2029. Of that amount, approximately 86.65% is expected to come from private investment.
"Regional governments have a strategic role in attracting investment, especially to drive economic growth in their respective regions," Todotua emphasised.
He also noted that the largest investment contributions to date still come from the basic metals, chemicals, pharmaceuticals, mining, and industrial estate sectors. For 2025, Central Sulawesi is targeted to absorb Rp162.57 trillion in investment, or approximately 8.53% of the national target.
As part of his visit to Sulawesi, Todotua also inspected the Palu Special Economic Zone (SEZ). The visit formed part of an evaluation of infrastructure readiness and the potential for sustainable investment development in the zone.
At the Palu SEZ, Todotua directly inspected several companies operating in the downstreaming sector, particularly for Buton asphalt, copper, and pine resin commodities. Companies visited included PT Asbuton Jaya Abadi, engaged in wholesale trading of solid, liquid, and gas fuels with an investment value of Rp55.7 billion; PT Hong Thai Internasional, a pine resin processing company with an investment value of Rp26.15 billion; and PT Wanhong Nonferrous Recycling Utilization, which operates a copper smelter with an investment value of Rp296.2 billion.
Todotua expressed his hope that incoming investment would not only focus on figures and values but also deliver tangible impacts for the community, such as job creation, economic circulation, and equitable prosperity.
"Investment is not just about figures, but also about tangible impacts for the community, such as employment, economic equity, and welfare," he concluded.
"Central Sulawesi province has demonstrated outstanding performance with investment realisation of Rp139.88 trillion in 2024, or 128.27% of the set target. The province also ranks second nationally in Foreign Direct Investment (FDI). This is a remarkable achievement," said Todotua.
During the visit, Todotua also met with Central Sulawesi Governor Anwar Hafid to discuss the development of investment potential in the province. He also chaired a Consolidation Meeting on the 2025 Investment Realisation Target with regional government officials and heads of the Investment and One-Stop Integrated Services Office (DPMPTSP) across Central Sulawesi.
On that occasion, Todotua reminded attendees of President Prabowo Subianto's government target of achieving 8% national economic growth, requiring investment of up to Rp13,032.8 trillion by 2029. Of that amount, approximately 86.65% is expected to come from private investment.
"Regional governments have a strategic role in attracting investment, especially to drive economic growth in their respective regions," Todotua emphasised.
He also noted that the largest investment contributions to date still come from the basic metals, chemicals, pharmaceuticals, mining, and industrial estate sectors. For 2025, Central Sulawesi is targeted to absorb Rp162.57 trillion in investment, or approximately 8.53% of the national target.
As part of his visit to Sulawesi, Todotua also inspected the Palu Special Economic Zone (SEZ). The visit formed part of an evaluation of infrastructure readiness and the potential for sustainable investment development in the zone.
At the Palu SEZ, Todotua directly inspected several companies operating in the downstreaming sector, particularly for Buton asphalt, copper, and pine resin commodities. Companies visited included PT Asbuton Jaya Abadi, engaged in wholesale trading of solid, liquid, and gas fuels with an investment value of Rp55.7 billion; PT Hong Thai Internasional, a pine resin processing company with an investment value of Rp26.15 billion; and PT Wanhong Nonferrous Recycling Utilization, which operates a copper smelter with an investment value of Rp296.2 billion.
Todotua expressed his hope that incoming investment would not only focus on figures and values but also deliver tangible impacts for the community, such as job creation, economic circulation, and equitable prosperity.
"Investment is not just about figures, but also about tangible impacts for the community, such as employment, economic equity, and welfare," he concluded.