Jakarta. The downstream industrialization program attracted Rp 300.1 trillion ($16.7 billion) in investment during the first half of 2026, accounting for 29.7% of total investment realization and underscoring the government's push to add more value to the country's natural resources before export.

Investment Minister Rosan Roeslani said the sector's contribution has increased significantly since 2023, when downstream industries accounted for only about 24% to 25% of total investment.

“We are seeing a sharp upward trend,” Rosan told reporters at the Presidential Palace on Thursday.

Indonesia launched its downstream industrialization strategy under former President Joko Widodo by banning exports of selected raw commodities -- including nickel ore and copper concentrate -- to encourage domestic processing and manufacturing. The policy has since expanded beyond mining to include agriculture and plantation commodities.

The mineral sector remained the largest recipient of downstream investment, attracting Rp 206.5 trillion, led by nickel, bauxite, copper, iron and steel, and silica processing.

Downstream investment in plantations and forestry reached Rp 54.4 trillion, driven primarily by palm oil, timber, and rubber processing, while the oil and gas sector attracted Rp 35.4 trillion.

Investment in downstream agriculture and fisheries totaled Rp 3.8 trillion, covering commodities such as sea salt, tuna, shrimp, seaweed, crab, and tilapia.

Foreign investors contributed Rp 212.8 trillion, or 70.9%, of total downstream investment, with Hong Kong, Singapore, China, Japan, and the United States ranking as the five largest sources of capital.

Overall Investment Nears Half-Year Target
Indonesia attracted Rp 1,010.6 trillion ($56.1 billion) in total investment during the first half of 2026, an increase of 7.2% from a year earlier despite continuing geopolitical and economic uncertainty.

The figure represents 49.5% of the government's full-year investment target of Rp 2,041.3 trillion.

“We have recorded Rp 1,010.6 trillion in investment realization during the first half, which keeps us on track to meet this year's target,” Rosan said.