In pursuit of Indonesia's development into a developed nation by 2045, strategic downstream investments totaling USD545.3 billion across 21 commodities in eight priority sectors are essential, aligning with the Strategic Investment Downstream Roadmap. The investment realization for Q3 (July-September) 2023 reached IDR 374.4 trillion, marking a 7.0% increase from the previous quarter and a substantial 21.6% rise compared to the same period in 2022. Cumulatively, the investment realization for January-September 2023 amounted to IDR 1,053.1 trillion. Minister of Investment/Head of BKPM, Bahlil Lahadalia, conveyed these results during a press conference at the Ministry of Investment/BKPM office on November 20. To transform into a developed nation by 2045, Indonesia requires downstream investments amounting to USD545.3 billion across 21 commodities in eight priority sectors, as outlined in the Strategic Investment Downstream Roadmap by the Ministry of Investment/BKPM.
Bahlil emphasized the significance of these investments as it have created high-quality job opportunities across various sectors like forestry, fisheries, plantations, and oil and gas. The investment realization for downstream activities during January-September 2023 amounted to IDR 266.0 trillion, covering five sectors, including mineral processing (IDR 151.7 trillion), agriculture (IDR 39.5 trillion), forestry (IDR 34.8 trillion), oil and gas (IDR 31.6 trillion), and the electric vehicle ecosystem (IDR 8.4 trillion). During Q3-2023, the realization of downstream investments reached IDR 114.6 trillion, with a focus on mineral processing, forestry, oil and gas, agriculture, and the electric vehicle ecosystem. Foreign investors also remained confident, evident in the 16.2% growth of Foreign Direct Investment (FDI) in Q3-2023 compared to the same period last year, totaling IDR 196.2 trillion (52.4%). Meanwhile, Domestic Direct Investment (DDI) reached IDR 178.2 trillion (47.6%), growing by 28.2% compared to the previous year. Furthermore, the investment realization during Q3-2023 absorbed 516,467 Indonesian workers and a total of 1,365,648 workers during January-September 2023. Bahlil also stressed the ministry's efforts to balance investment realization with job creation. In Q3-2023, investments outside Java exceeded those on Java, reaching IDR 190.9 trillion (51.0%), indicating a 14.7% increase from Q3-2022. Maluku Utara Province secured the fifth position among the top contributors. For January-September 2023, investments outside Java amounted to IDR 545.8 trillion (51.8%), showcasing a 15.6% increase compared to the same period in 2022, emphasizing the importance of regional investment contributions to Indonesia's economic growth.
