Home MONEY & FINANCE Investment Realization in East Kalimantan Reaches IDR 12.1 Trillion

Investment Realization in East Kalimantan Reaches IDR 12.1 Trillion

The candidate for the new capital city of Indonesia, East Kalimantan, recorded an investment realization of Rp. 12.1 trillion in the second quarter of 2022. This figure has increased by 29.26 percent compared to the same period last year, from Rp. 8.56 trillion.

Head of the East Kalimantan One-Stop Integrated Service and Investment Service (DPMPTSP) Puguh Harjanto said the investment realization target in 2022 was set at Rp 54 trillion.

“According to our data, [investment realization] from January 2022 to June 2022 has reached 50.1 percent or Rp. 12.1 trillion,” he said, Monday (12/9/2022).

If detailed, the realization of Domestic Investment (PMDN) is Rp. 8.83 trillion with a total of 917 projects. Meanwhile, the realization of Foreign Investment (PMA) was recorded at US$ 227.5 million or Rp 3.26 trillion with a total of 173 projects.

Based on its location, the largest investment was in Kutai Kartanegara Regency, which reached Rp. 2.96 trillion or 33.52 percent of the total realization of domestic investment.

Then, Balikpapan City was in second place with achievement of Rp2.14 trillion or 24.27 percent and East Kutai Regency became the third largest contributor with an investment realization of Rp1.25 trillion or 14.16 percent.

For the realization of PMA, East Kutai Regency contributed the most with a value of US$ 102.22 million or Rp. 1.46 trillion, which reached 44.93 percent of the total realization of PMA with a total of 30 PMA projects.

Furthermore, in second place is Kutai Kartanegara Regency with an investment of US$ 35 million or Rp 502.34 billion, and West Kutai with US$ 26.66 million or Rp 382.62 billion.

“Alhamdulillah, we can still rise with the realization of this investment. Although, it is felt that the contribution from the center to the regions is not that big,” explained East Kalimantan, Governor Isran Noor.

Meanwhile, investors from Malaysia, Singapore, and China became the three countries that realized their investments were greater than 19 other investor countries.

Investors from Malaysia are recorded to have invested US$ 59.05 million (Rp 847.48 billion) or 25.96 percent of the total investment value of 38 projects, followed by Singapore US$ 52.09 million (Rp 747.62 billion) or 22 .90 percent for 52 projects and China worth US$ 35.98 million (Rp 516.37 billion) or 15.82 percent for 7 projects.

“In principle, we are grateful, despite the Covid pandemic conditions, the realization of foreign investment is also running and growing in East Kalimantan. Hopefully, this will remain consistent until the people receive the benefits,” concluded Isran.

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