City's Investment Realization in First Quarter of 2023 Reaches Rp 36.5 Trillion

The Jakarta Investment and One-Stop Integrated Services Agency (PMPTSP) recorded that the realization of Foreign Investment (PMA) in Jakarta had reached USD 1.2 billion in the first quarter of 2023. This achievement in the first quarter of 2023 showed a positive trend in Jakarta's economy.

It has contributed 11 percent to the achievement of national investment realization

Based on data from the Investment/Investment Coordinating Board Ministry (BKPM), Jakarta's investment realization in the January-March period (quarter I) 2023 exceeded Rp 36.5 trillion, consisting of Foreign Investment (PMA) by USD 1.2 billion or equivalent to Rp 17.5 trillion, and Domestic Investment (PMDN) by Rp 19.0 trillion.

"In aggregate, Jakarta's investment realization reached Rp 36.5 trillion in the first quarter of 2023, and it has contributed 11 percent to the achievement of national investment realization," expressed Jakarta PMPTSP Agency Head, Benni Aguscandra, Wednesday (6/7).

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Cumulatively, the largest business sector realized PMDN and PMA investment in Jakarta in the first quarter of 2023 was the Transportation, Warehouse, and Telecommunications sector with a value by Rp 13.95 trillion; Other Services sector by Rp 6.60 trillion; and the housing sector, industrial estates and offices by Rp 4.88 trillion.

"These three sectors contribute 70 percent of the total investment realization in Jakarta in the first quarter of 2023," he expressed.

Based on the cumulative distribution of investment realization in the first quarter of 2023, the largest PMDN and FDI investment realization is in South Jakarta with an investment realization value by Rp 19.5 trillion, with details of PMDN by Rp 6.95 trillion and FDI by Rp 12.55 trillion.

He explained the high rate of investment realization in Jakarta is inseparable from the various innovations in investment services and ease of licensing/non-licensing, which were carried out by Jakarta PMPTSP Agency.

"Jakarta's investment performance recorded positive results. This achievement is inseparable from the Acting Governor's direction urges all levels of Jakarta Provincial Government to continuously make various innovations in presenting excellent public services to the community in a bid to encourage the rate of investment in Jakarta," he explained.

He added the government had issued updated spatial regulations in support of a friendly business and investment climate to attract more investors to Jakarta.

Aside that, R.R China became the largest contributor to Foreign Investors for Foreign Investment (PMA) in Jakarta in 2022.

"Transportation and Housing made a significant contribution to the realization of the People's Republic of China Foreign Investment in Jakarta, whose development is limitless the possibilities for more collaborations," he uttered.