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South Kalimantan reached 96 percent investment target by Q3 2024
WINDONESIA January 13, 2025
The South Kalimantan DPMTSP's office building. (Poros Kalimantan/Putri)
There are 835 investment projects to South Kalimantan Province that have been realized as of the third quarter (Q3) of 2024, with domestic invesments accounting for 650 projects worth nearly Rp5.35 quadrillion combined while foreign investments made up 185 projects worth €315,794 together.
The total investment to the province reached Rp18.13 trillion, close to the annual target of Rp19.10 trillion. The mining sector is still the favorite sector for investment to the province.
"We have achieved 96 percent of the target," said South Kalimantan Province Investment and One-Stop Integrated Service Office (DPMPTSP) Secretary Fitridani on Jan. 3, 2025. She is also confident that the target had been achieved in the fourth quarter (Q4) of 2024.
Previously, Acting South Kalimantan Governor Muhidin requested that investment to South Kalimantan are done to labor-intensive industries.
"Labor-intensive [industries] are beneficial, especially in the regencies of Tanah Bumbu, Kotabaru, and Tabalong," he said.
Muhidin added that the South Kalimantan DPMPTSP also fosters local investment potential, such as through the E-Pro Investment program.
"We created E-Pro Investment to explore [investment potential by leveraging] the regional government budget and regional assets, [then we] lobby the central government," he explained.
One of the leading projects is the E-Pro snakehead murrel fish project in Tanah Bumbu Regency.
"The [project's] potential is great, it can attract investors," he concluded.
Until September 2024, total investment in South Kalimantan reached IDR 19.10 trillion. PMDN contributed IDR 12.185 trillion from 8,255 projects. PMA recorded IDR 5.950 trillion from 884 projects.
Source: poroskalimantan.comRelated Articles
