The investments have led to the employment of 12,030 workers and generated an export value of US$50 million.
He said that Saudi Arabia wants to invest in several sectors that are currently being developed in Indonesia.
Under these conditions, the domestic financial market lost USD 400 million in total foreign capital (net outflow) from January 1 to March 15, 2022.
Singapore will be the biggest investment in Indonesia with a total of 9.4 billion US dollars. Hong Kong followed in second place with US$4.6 billion, then China with US$3.2 billion, the United States with US$2.5 billion, and Japan with US$2.3 million
State-owned electricity company PT PLN said it has completed 27 electricity infrastructure projects valued at Rp3.3 trillion (US$231 million) in 2021.
None of the investment plans they have filed with us have been suspended," Investment Minister and head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, has said.
An investor from Abu Dhabi, Lulu Group, has planned to add 30 more hypermarkets in the country including Bali to strengthen its presence in the Indonesian retail sector.
