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 areas 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 an Investment Realisation Target Consolidation Meeting for 2025 with regional government officials and heads of the One-Stop Investment and Integrated Services Agency (DPMPTSP) across Central Sulawesi.
On this occasion, Todotua highlighted President Prabowo Subianto's government target to achieve 8% national economic growth, requiring investment of up to Rp13,032.8 trillion by 2029. Of this 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 areas," Todotua emphasised.
He also noted that the largest investment contributions to date still come from the base 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 sustainable investment development potential in the zone.
At the Palu SEZ, Todotua directly reviewed several companies operating in the downstreaming sector, particularly for Buton asphalt, copper, and pine resin commodities. Among the companies visited were PT Asbuton Jaya Abadi, engaged in wholesale trade of solid, liquid, and gas fuels with an investment value of Rp55.7 billion, and PT Hong Thai Internasional, a pine resin processing company with an investment value of Rp26.15 billion.
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 an Investment Realisation Target Consolidation Meeting for 2025 with regional government officials and heads of the One-Stop Investment and Integrated Services Agency (DPMPTSP) across Central Sulawesi.
On this occasion, Todotua highlighted President Prabowo Subianto's government target to achieve 8% national economic growth, requiring investment of up to Rp13,032.8 trillion by 2029. Of this 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 areas," Todotua emphasised.
He also noted that the largest investment contributions to date still come from the base 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 sustainable investment development potential in the zone.
At the Palu SEZ, Todotua directly reviewed several companies operating in the downstreaming sector, particularly for Buton asphalt, copper, and pine resin commodities. Among the companies visited were PT Asbuton Jaya Abadi, engaged in wholesale trade of solid, liquid, and gas fuels with an investment value of Rp55.7 billion, and PT Hong Thai Internasional, a pine resin processing company with an investment value of Rp26.15 billion.