Investment to Southeast Sulawesi in 2024 reached only 43 percent of target

The Southeast Sulawesi Province Investment and One-Stop Integrated Services Office (DPMPTSP) noted that investment to Southeast Sulawesi dropped to Rp11.05 trillion in 2024.

Southeast Sulawesi DPMPTSP Capital Control and Information Head Rasiun, representing DPMPTSP Southeast Sulawesi Head Parinringi divulged that the achieved investment was also only 43 percent of the Investment and Downstream Ministry/Investment Coordinating Board (BKPM)'s Rp25.61 trillion investment target for the province in 2024

"The investment value has decreased because several secondary companies that have been operating no longer need to purchase land, buildings, and equipment," he explained on Mar. 5, 2025.

The second factor is that several large companies in the regencies of Kolaka, North Kolaka, and Konawe which are still in the construction stage are constrained by basic permits for the use of forest areas. The next factor is related to the impact of the continued rise in taxable sale value of land in Southeast Sulawesi to development efforts.

Meanwhile, the target set by the Investment and Downstream Ministry/Investment Coordinating Board (BKPM) for Southeast Sulawesi in 2025, which has been set at Rp13.28 trillion, has decreased compared to 2024.

"That [decrease] is based on the evaluation of [investment] results of the past three years," he explained.

In response, the Southeast Sulawesi DPMPTSP will hold a coordination meeting with 'Investment Summit' as its theme that aims for companies and stakeholders to be able to attract investment to the province.