KONTAN.CO.ID - JAKARTA. JAKARTA - The Ministry of Investment announced that foreign direct investment (FDI) into Indonesia increased by 16.6% year on year in the second quarter of 2024, reaching 217.3 trillion rupiah (US$ 13.35 billion).

The Ministry of Investment stated on Monday (29/7) that this investment growth was slightly faster than the annual FDI growth of 15.5% in the first three months of 2024.

The data on realized foreign investment does not include investments in the financial sector and oil and gas.

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Between April and June, the Southeast Asian nation reported foreign investments worth US$ 4.4 billion in 1,130 projects in the basic metal industry, the largest beneficiary of FDI during that period.

Indonesia has seen an increase in foreign investor interest in the mining industry and metal refining since it banned the export of nickel ore in 2020 and other raw minerals in 2023.

The largest sources of FDI in the second quarter were Singapore, China, Hong Kong, South Korea, and the United States.

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Editor: Syamsul Azhar