DIGIVESTASI - Indonesia Targets IDR 3,544 Trillion in Investment by 2029, Aiming for 8% Economic Growth, Minister of Investment and Downstream Industry, who also serves as Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, has set an ambitious target of IDR 3,544 trillion in investments for Indonesia by 2029. Rosan explained that this goal is essential to support the country's national economic growth, which is expected to reach 8%.

“This figure was prepared by Bappenas and serves as our guideline to ensure that investment becomes the primary driver of economic growth. That’s why our five-year targets will continue to increase,” Rosan stated during a meeting with Commission XII of the House of Representatives (DPR) on Tuesday (December 3, 2024).

Rosan outlined the incremental targets for investment: IDR 1,906 trillion in 2025, IDR 2,280 trillion in 2026, IDR 2,684 trillion in 2027, IDR 3,116 trillion in 2028, and finally IDR 3,544 trillion by 2029.

“This year, the target is IDR 1,650 trillion. Next year, we hope it will increase to IDR 1,906 trillion. On average, from 2024 to 2029, investment growth is targeted at 16.75% annually. Our job is to ensure an increase in both domestic and foreign investment to support economic growth toward 8%,” he explained.

Job Creation Target

In addition to increasing investment, Rosan aims for job creation in Indonesia to grow significantly, reaching 4.55 million jobs by 2029, up from 2.12 million targeted for 2024.

“The 2024 target is 2.12 million jobs. In 2025, it will increase to 2.45 million, then to 2.93 million in 2026, 3.44 million in 2027, 4 million in 2028, and finally 4.55 million by 2029,” he elaborated.

Strategies to Achieve the Target

To achieve these targets, Rosan emphasized accelerating investment through revisions to Government Regulation (PP) No. 5 of 2021 on Business Licensing Implementation. Additionally, the government will map out commodity potentials to integrate them into downstream industry programs.

The downstream industry initiatives, which have been implemented since President Joko Widodo's administration, currently contribute 20–21% of Indonesia’s total investment realization. Rosan highlighted the importance of identifying the country’s natural resource strengths to sustain these programs.

“We need to map out our advantages, both in terms of reserves and their global positioning. If we are ranked number one or two in the world, this can drive downstream industry efforts to enhance its contribution to investments,” Rosan concluded.

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