VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The continued growth of investment realization in regions outside Java reflects the government's consistency in implementing Indonesia-centric or uniform development, Investment Minister Bahlil Lahadalia has said.

"This reflects that the government's consistency in realizing Indonesia-centric (development) is maintained, especially in the investment sector," he observed at a press conference on investment realization in the fourth quarter of 2022 on Tuesday.

The minister said that since the roles of investment are to create new economic growth centers and open new working opportunities, it is necessary to direct investment to realize equitable development.

"So that we do not build Indonesia as a Java-centric (country), but (by using the concept of) Indonesia-centric," he added.

As per the Investment Ministry’s records, nationally, the total investment realization in the fourth quarter of 2022 reached Rp314.8 trillion, or up 30.3 percent year on year (yoy).

Cumulatively, investment realization in the period from January to December 2022 reached Rp1,207.2 trillion, an increase of 34 percent compared to 2021.

The figure exceeded the target set by President Joko Widodo (Jokowi) of Rp1,200 trillion.

Investment realization in regions outside Java in the fourth quarter of 2022 reached Rp164.2 trillion, or 52.2 percent of the total investment realized during the period.

Further, investment realization in areas outside Java cumulatively reached Rp636.3 trillion, or 52.7 percent of the total investment realized during January—December 2022.

Meanwhile, investment realization in Java region was recorded at Rp150.6 trillion in the fourth quarter of 2022, reaching 47.8 percent of the total investment realization in the quarter.

Thus, the investment realization in Java region was recorded at Rp570.9 trillion during January—December 2022, or 47.3 percent of the total investment realization in 2022.

The ministry also noted that the five sectors with the most investment realization in 2022 included basic metal, metal goods, non-machinery goods, and their equipment manufacture; mining industry; as well as transportation, warehouse, and telecommunication providers.

The other sectors comprised housing, industrial, and office area provision as well as chemical and pharmaceutical industries. (Antaranews)