The Provincial Government of Jakarta continues to champion direct investment as a means to generate employment opportunities for its residents, facilitated by streamlined business licensing processes. Investors are drawn to Jakarta not only for its business-friendly regulations but also for its comprehensive infrastructure, despite being the smallest province in Indonesia at 661.5 square kilometers. In terms of cumulative foreign and domestic direct investment (FDI and DDI) realization until 2022, Jakarta has secured USD 3.7 billion or around IDR 53.8 trillion, constituting 8.2% of the national total, according to data from the Investment Coordinating Board (BKPM) RI. This reinforces Jakarta's position as the top investment destination in Indonesia. Cumulatively, the top three sectors contributing to investment realization in 2022 were transport, warehousing, and telecommunications at IDR 38.1 trillion (26.7%), other services at IDR 24.6 trillion (17.2%), and housing, industrial areas, and offices at IDR 20.6 trillion (14.4%).
Benni Aguscandra, Head of the Investment and Integrated One-Stop Service Agency (PM-PTSP) of Jakarta, attributes the high investment realization to innovative investment services and a conducive regulatory environment. The "zero complaint, zero delay, and 100% excellence" approach has contributed to Jakarta's success in translating the provisions of the Omnibus Law on Job Creation into improved economic transformation through investments. Moreover, Jakarta's provincial government is commended for fostering a favorable business climate, boosting confidence in investing in the region. Construction remains a lucrative sector, given the massive infrastructure development in the capital. With Jakarta aspiring to be an economic and business center post-capital status, infrastructure development is crucial. Another promising investment avenue is in the tourism sector, particularly Meetings, Incentives, Conferences, and Exhibitions (MICE) industry. Jakarta, as an economic and business hub, necessitates facilities for meetings and exhibitions, contributing to a vibrant MICE market. Post-pandemic, MICE activities are resurging, evident in the 178 events planned in Indonesia for 2023, with over 70% held in Jakarta. In conclusion, Jakarta's sustained position as an investment magnet is underscored by the continuous flow of foreign investments, particularly in construction and tourism sectors. The city's commitment to innovation, a supportive regulatory environment, and a resilient business climate signal a promising economic transformation make Jakarta remains a compelling choice for investors seeking a strategic and comprehensive business environment.
Source: https://m.antaranews.com/amp/berita/3836712/dki-masih-jadi-magnet-investor-untuk-berbisnis
