Jokowi’s Second Presidential Term Attracts Nearly Rp 6,000 Trillion in Investments
Jakarta. Domestic and foreign investments during President Joko "Jokowi" Widodo’s second term have reached an impressive Rp 5,931 trillion ($391.8 billion), nearly double the total from his first term.
Investment Minister Rosan Perkasa Roeslani announced on Monday that investment has grown at an average rate of 18 percent annually over the past five years.
"Compared to five years ago, investment growth has surged by 90.2 percent. The total investment during Jokowi’s first term amounted to Rp 3,400 trillion ($224.6 billion)," Rosan said in Jakarta.
He also highlighted the shift in investment distribution, noting that economic activity is no longer concentrated in Java, as other islands are receiving a larger share of investments.
During Jokowi’s second term, the Advanced Indonesia Cabinet has created 7.1 million jobs over the last five years, Rosan added.
“Job creation remains a continuous priority for the government,” he said.
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