Hong Kong Investors Eyeing IKN Investment? Investment Trends in Indonesia Since 2011

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Cindy Mutia Annur 29/06/2022 16:40 WIB

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Over the past decade, investment trends from Hong Kong to Indonesia have shown an upward trend.

Realization of Foreign Direct Investment (FDI) from Hong Kong to Indonesia (2011-2021)

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Realization of Foreign Direct Investment (FDI) from Hong Kong to Indonesia (2011-2021)

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A number of Hong Kong investors are reportedly interested in investing in the development of the new capital city (IKN) in East Kalimantan.

These investors' interest is primarily in infrastructure, transportation, housing, office buildings, and other public facilities.

"Therefore, the momentum of Indonesia and Hong Kong's economic recovery must be utilized to the maximum extent possible, by both Indonesian and Hong Kong entrepreneurs," said the Indonesian Consul General in Hong Kong, Ricky Suhendar, as reported by *Katadata.co.id* on Sunday (26/6/2022).

Ricky stated that the cooperative relationship between Hong Kong and Indonesia continues to improve amidst the global economic downturn.

This is in line with a report from the Indonesian Investment Coordinating Board (BKPM), which notes that investment realization from Hong Kong to Indonesia has tended to increase over the last decade.

In 2011, the value of investment from Hong Kong was only around US$135.01 million. In subsequent years, the value tended to increase, as shown in the graph.

Despite the COVID-19 pandemic, Hong Kong's investment in Indonesia continued to show a positive trend. In 2020, the investment value reached US$3.53 billion, and increased again to US$4.6 billion in 2021.

The number of Hong Kong investment projects in Indonesia reached 10,125 projects from 2011 to 2021. The number of investment projects from Hong Kong was highest in 2020, with a total of 2,789 projects.

Until the first quarter of 2022, Hong Kong remained the second largest investor country in Indonesia, one rank below Singapore.

(Also Read: 10 Largest Creditors to Indonesia, Who is at the Top?)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Hong Kong Investors Eyeing IKN Investment? Investment Trends in Indonesia Since 2011

Hong Kong Investors Eyeing IKN Investment? Investment Trends in Indonesia Since 2011

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Hong Kong Investors Eyeing IKN Investment? Investment Trends in Indonesia Since 2011

Hong Kong Investors Eyeing IKN Investment? Investment Trends in Indonesia Since 2011

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