Jakarta. Investment Minister Rosan Roeslani said foreign investors remain confident in Indonesia’s economic prospects despite ongoing geopolitical tensions and global economic uncertainty.

Indonesia attracted Rp 498.8 trillion ($28.1 billion) in total investment between January and March, up 7.2% from a year earlier and equivalent to 24.4% of the government’s full-year investment target.

“Amid ongoing geopolitical and global economic dynamics, investment realization in the first quarter of 2026 reached Rp 498.8 trillion ($28.1 billion),” Rosan told lawmakers during a hearing with House Commission XII at the parliamentary complex in Jakarta on Monday.

The World Bank expects global growth to slow to 2.5% in 2026, while tensions in the Middle East have disrupted energy supplies and pushed Brent crude oil above $100 per barrel earlier this year.

Domestically, Indonesia’s economy grew 5.61% year-on-year in the first quarter of 2026. However, the rupiah came under pressure during the quarter, weakening from around Rp 16,770 per US dollar at the start of the year to as low as Rp 18,000 in June. The Jakarta Composite Index (JCI) also fell sharply, ending the first quarter at 7,048.22, down 18.5% from its previous level and more than 22% below its record high of 9,075.41.

“If we look at the figures, domestic investment contributed around 49.9%, or Rp 248.8 trillion, while foreign investment accounted for almost the same share at 50.1%, or Rp 250 trillion,” Rosan said.

Investment activity remained concentrated on Java, with Jakarta, West Java, Banten, and East Java emerging as the top destinations.

Several regions outside Java also ranked among the country’s largest investment recipients, including Central Sulawesi, North Maluku, Riau Islands, West Nusa Tenggara, and East Kalimantan.

Rosan, who also serves as CEO of sovereign wealth fund Danantara, said the main investment drivers included basic metals and mineral processing, services, mining, housing, industrial estates, office space, logistics, and telecommunications.

By source country, Singapore remained Indonesia’s largest foreign investor, followed by Hong Kong, China, the United States, and Japan.

Several countries outside Asia also ranked among Indonesia’s top 10 investors, including the United Kingdom, the Netherlands, and Australia.