BATAM, RAKYAT NEWS – The influx of Foreign Direct Investment (FDI) into Batam has once again shown significant growth in the first quarter of 2024. Indonesia’s Investment Coordinating Board (BKPM) reported that FDI in Batam reached Rp 5.73 trillion in Q1 2024, marking a substantial increase from Rp 2.61 trillion in the same period last year.

Singapore maintained its position as the top contributor to FDI in Batam during Q1 2024, with investments totaling USD 240.097 million (equivalent to Rp 3.601 trillion). Additionally, two other Asian countries also made substantial contributions to the increased FDI value in Batam.

China secured the second spot with investments amounting to USD 72.16 million (Rp 1.082 trillion), followed by Japan with USD 34.13 million (Rp 512.085 billion).

H. Muhammad Rudi, head of BP Batam, commended the collective efforts in ensuring the safety and security of investors, which has fostered a conducive environment in Batam, consequently influencing positive investment growth.

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Rudi emphasized that BP Batam’s strategic facilitation of permits for investors played a crucial role in achieving this milestone.

“Investment enthusiasm significantly impacts Batam’s economy. I hope all parties can work together to maintain the conducive environment of our beloved city so that economic growth can continue,” said Muhammad Rudi early this month

He urged all local components to support BP Batam’s strategic initiatives aimed at establishing Batam as a leading investment destination in Indonesia.

“If we are all united, nothing is impossible. The economy must continue to thrive, and we all have a vital role in realizing Batam as a progressive city,” Rudi added.

Below is a list of the top five countries with the highest investment value in Batam in Q1 2024:

1. Singapore: USD 240.097 million (Rp 3.601 trillion)

2. China: USD 72.16 million (Rp 1.082 trillion)

3. Japan: USD 34.13 million (Rp 512.085 billion)

4.France: USD 15.85 million (Rp 237.77 billion)

5.Hong Kong: USD 4.95 million (Rp 74.304 billion)

This surge in FDI underscores Batam’s growing appeal as a preferred investment hub, driven by strategic initiatives and a supportive business environment fostered by local authorities. (Uki Ruknuddin)