Realization Of Investment Reaches Rp398.6 T In RI

Jakarta, Jan 21 (Antara) - The realization of investment in Indonesia (RI) in 2013 was recorded at Rp398.6 trillion, up from Rp229.9 trillion in 2012, Chief Economic Minister Hatta Rajasa stated. "We had previously set the target for investment realization in 2013 at Rp390 trillion," the minister said when opening a seminar at the Indonesia Investor Forum here on Tuesday. Hatta noted that 63 percent of the total came from new investment projects. "Usually, it comes from expansions of old investment projects. This means there is a trend to make Indonesia the new foundation for investment." Of the total, foreign investment accounted for Rp270.4 trillion, of which, 21 percent was made in the mining and energy sectors, he pointed out. "It is followed by 13 percent in transportation means and motor vehicles, 13 percent in machinery and electronics industries, 11 percent in the chemical industry and pharmaceuticals, eight percent in food and drink industries, and a combined 34 percent in other industries," Hatta said. In the meantime, Capital Investment Coordinating Board (BKPM) Chief Mahendra Siregar told a press conference at his office that the cumulative investment in 2013 stood at Rp398.6 trillion, consisting of Rp128.2 trillion in domestic investment and Rp270.4 trillion in foreign investment. "This means the investment realization worth Rp398.6 trillion in 2013 increased by 27.3 percent from that in 2012, which stood at Rp229.9 trillion. The interesting thing is that the realization of investment in 2013 is 2.1 percent higher than the target set at Rp390.3," he explained. Speaking on investments in infrastructure, Chief Economic Minister Hatta Rajasa claimed that up to 2013, a total of Rp828.7 trillion had been invested in the real sector and infrastructure, particularly with regard to projects forming part of the Master Plan for the Acceleration and Expansion of Indonesia`s Economic Development (MP3EI). "We set a target of investment in this sector at Rp506.9 trillion in 2014. We are optimistic about that, but we should be cautious because economic threats and pressures will persist. The global economic situation has not yet returned to normal," he noted.