GEM Co., Ltd., a battery raw material processing and recycling company, plans to invest US$8 billion to develop the Indonesia Green Industrial Park in North Kalimantan. The company also targets to fill key positions for production facilities in Indonesia with local Indonesian talent.

North Kalimantan Investment and One-Stop Integrated Service Office (DPMPTSP) revealed that realized investments to North Kalimantan reached Rp6.2 trillion in the first quarter (Q1) of 2025.

Bulungan Regent Syarwani explained that Bulungan Regency has exceeded the Rp11 trillion investment target set by the North Kalimantan Provincial Government for 2024.

Indonesia and Japan have agreed through the signing of the Letter of Intent (LOI) in Implementing the Kayan Hydropower Project on Feb. 28, 2025, to encourage sustainability in the development of the Kayan Hydropower Plant in Peso District, North Kalimantan Province in support of Indonesia's clean energy transition.

The North Kalimantan Province Investment and One-Stop Integrated Permitting Office (DPMPTSP) revealed that realized investments to North Kalimantan reached Rp35 trillion in the fourth quarter (Q4) of 2024. The amoung was obtained from various sectors. Companies that have invested in the province include paper companies in Tarakan City, Kayan hydro power plant (HPP), Kalimantan Industrial Park Indonesia, and oil palm plantations.

Bank Indonesia (BI) noted that the economic growth of North Kalimantan Province continued its positive trend in the fourth quarter (Q4) of 2024 at 4.66 percent year-on-year (yoy), higher than 4.29 percent yoy in the third quarter (Q3) of 2024.

The North Kalimantan Province Investment and One-Stop Integrated Services Office (DPMPTSP) recorded realized investment to North Kalimantan exceeding Rp35 trillion in 2024. Hence, the office is optimistic that North Kalimantan will get a higher investment target from the central government in 2025.