Indonesia’s Investments Exceed Target in 2022, President Jokowi Says

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 1 Februari 2023
Category: News
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President Jokowi at the Mandiri Investment Forum (MIF) 2023, Wednesday (02/01), at the Fairmont Hotel, Jakarta. (Photo by: Oji/PR)

Indonesia’s investments exceeded the 2022 target of up to Rp1,207 trillion, President Joko “Jokowi” Widodo has said.

According to him, the investment realization is spread throughout Indonesia, with 53 percent outside the island of Java and 47 percent in the island of Java.

“This means that we are no longer Java-centric, but Indonesia-centric. (The investment is spread) in Sulawesi, North Maluku, and Sumatra with 53 percent outside Java and 47 percent in Java. It’s very good because almost all countries are currently fighting over investment,” said the President in his statement at the Mandiri Investment Forum (MIF) 2023, Wednesday (02/01), at the Fairmont Hotel, Jakarta.

President Jokowi added that there were a number of things that attracted foreign investors to invest in Indonesia. One of them is the distribution of infrastructure carried out by the Government, both in Java and outside Java.

“It includes toll road, seaport, airport, provincial road, and others. Even though (the projects) have not finished yet, everything is in the process,” he said.

In addition to equal distribution of infrastructure, President Jokowi revealed that social, political and security stability in Indonesia is also considered good by many countries. The President said that Indonesia’s leadership contribution in the G20 and ASEAN was also a supporting factor for investors to invest in Indonesia.

“Our economic fundamentals are also considered good so that people are eager to invest in our country,” said the President.

Furthermore, he explained that consumption and investment also contributed greatly to Indonesia’s economic growth. Therefore, he emphasized that investment must be maintained to increase economic growth.

“Both small investments in our SMEs and large ones in corporations,” he said. (TGH/FID/UN) (EST/MUR)

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