Singapore, Indonesia's Largest Investor in Q2 2024

The Indonesian Investment Ministry/Investment Coordinating Board (BKPM) reported that five countries had the largest foreign direct investment (FDI) values in Indonesia in Q2 2024.

Investment Minister/BKPM Head Bahlil Lahadalia stated that Singapore remained the largest investor with US$4.6 billion in realized FDI.

Next were China with US$2 billion, Hong Kong with US$1.9 billion, South Korea with US$1.3 billion, and the United States with US$0.9 billion.

"Within this top five, South Korea has overtaken Japan. This shows very significant dynamics," said Bahlil in a press conference on Monday (July 29, 2024).

Total realized FDI in Indonesia in Q2 2024 reached Rp217.3 trillion, a 16.6% increase from Q2 of the previous year. This value is equivalent to 50.7% of the total realized national investment, which reached Rp428.4 trillion.

The largest realized FDI in Q2 of this year went to the basic metal industry, metal goods, excluding machinery and equipment, valued at US$4.4 billion.

Then, the other services sector received US$1 billion; the mining sector US$0.9 billion; electricity, gas, and water US$0.9 billion; and the chemical and pharmaceutical industry US$0.8 billion.