JAKARTA – The Indonesian government has set a target of IDR 3.41 quadrillion in realized investments by 2029, aiming for an 8% economic growth rate.

This was announced by Rosan Roeslani, the Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), while reporting the 2024 investment realization to President Prabowo Subianto at the Merdeka Palace on Tuesday (4/2).

Roeslani added that the Indonesian government has set investment targets for the next five years. According to data from Bappenas, the investment target is set at IDR 1.90 quadrillion for 2025, IDR 2.17 quadrillion for 2026, IDR 2.56 quadrillion for 2027, and IDR 2.96 quadrillion for 2028.

“Mr. President fully supports this because investment plays a very significant role in Indonesia's economic growth,” he said.

As previously reported by IDNFInancials, Indonesia's realized investment in 2024 reached IDR 1.71 quadrillion, with Foreign Direct Investment (FDI) contributing 52.5% and Domestic Investment (PMDN) contributing 47.5%. (LK/KR/ZH)