Batam recorded USD 220,885 million foreign investment, a significant rise during Q3 2024.
Data from the Batam Concession Agency revealed that Singapore led the way with investments worth USD 117.16 million, followed by China with USD 103.60 million. This underscores the strategic role of Asian countries in driving Batam’s economy.
“Batam remains a top investment destination in Indonesia, thanks to continuous efforts to enhance supporting infrastructure,” said Chairman of Batam Concession Agency, Muhammad Rudi on Tuesday, January 14, 2025, as reported by gotvnews.co.id.
The key industrial sectors— including machinery, electronics, medical instruments, electrical equipment, precision tools, optics, and clocks—were the largest contributors, with investments totaling USD 112.85 million, making them the primary drivers of foreign investment.
Other significant sectors include services, trade and repairs, construction, and real estate also played vital roles in diversifying Batam’s economy.
Solid Collaborations among Stakeholders
Batam’s proximity to Singapore and Malaysia makes it an attractive hub for global investors.
“Our success stems from improved infrastructure that enhances investor convenience,” Rudi said, as reported by batampos.co.id.
Rudi praised stakeholders for ensuring a safe and conducive environment for investors, emphasizing its impact on local economic growth.
With continued collaboration, Rudi expressed optimism about sustaining the positive investment trend and emphasized the importance of fostering a safe investment climate.
“Let’s work together to maintain Batam’s appeal as a premier investment destination,” he added.
Batam Investment Target Growth in 2025
Batam Concession Agency aims to boost foreign investment to achieve an 8% economic growth target, aligning with President Prabowo Subianto’s directives.
“Investment is crucial for driving regional economic growth,” Rudi stated on January 9, 2025, as reported by batamtoday.com.
Batam’s investment in Q3 2024 reached USD 276,153 million, a notable increase from USD 145,438 million in the same period in 2023. Key sectors, such as machinery, electronics, and services, continue to strengthen Batam’s position as an economic powerhouse in Indonesia.
“Batam must keep improving its competitiveness through infrastructure development,” Rudi added, calling for collective support to meet national economic targets.
Investment Goals for 2025–2030
Batam Concession Agency has set an ambitious investment target of USD 7,057,205 billion annually for 2025–2030, aiming to boost national economic growth by 8%.
“We’re confident Batam will remain a top investment destination with careful planning,” Rudi shared on December 15, 2024, as quoted by gokepri.com.
In addition to economic development, Rudi emphasized the importance of preserving Batam’s cultural diversity.
“A strong culture attracts tourists and drives the economy. A robust economy, in turn, helps preserve cultural heritage,” he said.
Over the past decade, Batam’s cultural sector has flourished, reflecting its unique identity and boosting local tourism and revenue.
“By maintaining cultural values, we enhance tourism potential and strengthen our regional identity,” Rudi concluded.
Source: gotvnews.co.id, batampos.co.id, batamtoday.com, gokepri.com
Photo Credit: via Shutterstock/AkutWibowo
