A report from the Indonesian Investment Ministry/Investment Coordinating Board (BKPM) reveals the top five Indonesian business sub-sectors receiving the highest investment in Q3 2024.
Leading the pack is the transportation, warehousing, and telecommunications sub-sector, with Rp58.04 trillion (approximately US$3.7 billion based on an approximate exchange rate, the exact rate needs to be specified for precise conversion) in realized investment. This represents 13.45% of the total investment realized by Q3 2024.
Second is the basic metal industry, metal goods (excluding machinery and equipment), with Rp55.87 trillion (approximately US$3.6 billion) or 12.95%.
Third is mining, at Rp44.64 trillion (approximately US$2.8 billion) or 10.34%.
Fourth is the chemical and pharmaceutical industry, with Rp31.61 trillion (approximately US$2 billion) or 7.33%.
Fifth is the food industry, with Rp31.3 trillion (approximately US$2 billion) or 7.26%.
BKPM also categorized realized investment by type: foreign investment (PMA) and domestic investment (PMDN).
Here's a breakdown by investment type:
PMA:
* Basic metal industry, metal goods (excluding machinery and equipment): US$3.03 billion (19.60% of total PMA)
* Transportation, warehousing, and telecommunications: US$2.02 billion (13.03%)
* Mining: US$1.56 billion (10.06%)
* Chemical and pharmaceutical industry: US$1.3 billion (8.39%)
* Food industry: US$920 million (5.94%)
PMDN:
* Transportation, warehousing, and telecommunications: Rp27.72 trillion (approximately US$1.8 billion) (13.94% of total PMDN)
* Mining: Rp21.24 trillion (approximately US$1.3 billion) (10.68%)
* Housing, industrial estates, and office buildings: Rp19.88 trillion (approximately US$1.2 billion) (10%)
* Food industry: Rp17.48 trillion (approximately US$1.1 billion) (8.79%)
* Other services: Rp16.31 trillion (approximately US$1 billion) (8.20%)
(Also read: 10 Countries with the Largest Investments in Indonesia in the First Half of 2024)