West Java, Recipient of the Largest Investment in Quarter II 2024
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The Investment Ministry/Investment Coordinating Board (BKPM) reported that Indonesia's investment realization in Q2 2024 reached Rp428.4 trillion, a 22.5% year-on-year (yoy) increase.
The largest investment realization was in West Java at Rp63.7 trillion, followed by DKI Jakarta at Rp62 trillion, East Java at Rp35.6 trillion, Banten at Rp33 trillion, and Central Sulawesi at Rp32.8 trillion.
Total investment realization in Q2 2024 comprised foreign direct investment (FDI) worth Rp217.3 trillion (50.7%) and domestic direct investment (DDI) worth Rp211.1 trillion (49.3%).
By sector, the most investment during this period flowed into the basic metal industry, metal goods, excluding machinery and equipment, at Rp74 trillion.
This was followed by the mining sector receiving Rp45.6 trillion; the transportation, warehousing, and telecommunications sector at Rp41.3 trillion; and the housing, industrial estates, and office sector at Rp33.5 trillion.
"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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