Jakarta (ANTARA) - Investment realization is starting to shift to sectors that support industrialization, Investment Minister and head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, has said.

During the fourth quarter of 2021, the largest chunk of investment, totaling Rp34.8 trillion (14.4 percent), materialized in the basic metal, metal goods, non-machinery and equipment industries, he informed.

"Previously in 2020, transportation, warehouse and telecommunications were number one, now this has changed. Now, it (investment) is entering the industry," he said during an online presentation on the realization of investment here on Thursday.

As per the ministry's records, investment realization reached Rp241.6 trillion during the fourth quarter of 2021, he disclosed.

This shows that incoming investment boosted industrial development, especially downstream industries, he added

"This means that this investment has encouraged industrial development, downstreaming, to create added value to anticipate so de-industrialization would not occur," the minister said.

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The government has continued to encourage the manufacturing sector to provide added value, he added.

After the basic metal, metal goods, non-machinery and equipment sectors, the largest investment realization of Rp28.6 trillion (11.8 percent) has been recorded in housing, industrial estates, and offices, Lahadalia said.

The realization of investment in the mining sector reached Rp28 trillion (11.6 percent); followed by the transportation, warehouse, and telecommunications sectors (Rp 27.3 trillion, 11.3 percent); and the electricity, gas, and water sectors (Rp22.3 trillion, 9.2 percent), he informed.

Investment realization in the fourth quarter of 2021 was spread across Jakarta, West Java, East Java, East Kalimantan, and North Maluku, he noted.

The investment flowed from Singapore (US$2.1 billion), Hong Kong (US$1.5 billion), the United States (US$1.2 billion), China (US$900 million ), and Japan (US$500 million), he said.

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Translator: Fardah
Editor: Suharto
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