West Java Records Most Investment in Q1/ 2023

A report published in Tempo, says that data provided by the Investment Coordinating Board (BKPM) and Investment Ministry, showed that the investment realization in West Java for Q1/ 2023 was the highest in the country amounting to a total of IDR 50-trillion. 

West Java is followed by Jakarta, East Java, Central Sulawesi, and Banten, according to state news agency Antara

Head of the West Java One Stop Investment and Services Agency Nining Yuliastini, explained that the achievement was possible because of the solid cooperation between various stakeholders in West Java. Nining added the total investment target for West Java for 2023 is set at IDR 188-trillion.

Nining explained that in an effort to achieve the target, West Java will rely on five major investment regions, namely Bekasi City and Bekasi Regency; Bogor; Karawang and Purwakarta. The largest target however, is being given to Bekasi with IDR 50-trillion, followed by Karawang at IDR 40-trillion, report Tempo.

In general, the investment realization in the country during the first quarter from January to March 2023, reached IDR 328.9-trillion, which is a 16.5-percent increase compared to the same period last year.

Moreover, West Java also logged the highest domestic investments with IDR 21.9-trillion followed by Jakarta, East Java, East Kalimantan, and Riau. 

Tempo report that in terms of Foreign Direct Investment (FDI) realization, Central Sulawesi scored highest with USD 1.9-billion, followed by West Java, Jakarta, Banten and Riau. BPKPM also announced that investment has created jobs for 384,892 Indonesian workers.

Source: Tempo

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