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category: Press Release
Indonesia Investment Day 2020 to Increase Investment Projects in DKI Jakarta Province

The economic growth of DKI Jakarta in the second quarter of 2020 experienced a deep contraction as a result of the COVID-19 pandemic. The economy of DKI Jakarta in this quarter contracted by -8.22% (yoy), a sharp decline compared to the previous quarter which still grew positively by 5.06% (yoy). This development is inseparable from the impact of the weakening global economy in line with the COVID-19 pandemic and the decline in domestic economic activity as a result of the Large-Scale Social Restrictions (PSBB) policy to prevent the spread of the COVID-19 pandemic. Growth contraction occurred in all components of DKI Jakarta's PDRB (Gross Regional Domestic Product) expenditure, with the deepest contribution to the decline coming from investment spending (Gross Fixed Capital Formation) and household consumption. Investment in Jakarta has decreased apart from the impact of the global economy as well as the implementation of the PSBB resulting in shorter working hours and a reduction in the number of field workers as a result of the need to maintain distance according to health protocols. However, investment contraction was more restrained from investment originating from PMA and PMDN in Jakarta, which reached 30.1 trillion Rupiah. The investment value of PMA and PMDN Jakarta is the highest nationally. Investment has a significant contribution to driving Jakarta's economic growth with a share of 34% of GDP. For this reason, various efforts to increase investment in Jakarta need to be carried out on an ongoing basis. The current conditions of the COVID-19 pandemic are a strong impetus to continue to increase investment through promotional activities to attract and convince investors to invest in various potential projects in Jakarta. Support for investment activities in Jakarta is provided by the DKI Jakarta Provincial Government through various policies issued, including ease of licensing for doing business and readiness in dealing with investment problems. One of the promotional activities that have been carried out by the government is the holding of the international Indonesia Investment Day (IID) event, which is a series of investment promotion activities in a number of regions in Indonesia. The organizers of the IID are the Indonesian Embassy in Singapore, the Indonesia Investment Promotion Center (IIPC) Singapore and the Bank Indonesia Representative Office in Singapore. IID this year is the 3rd time and specifically this year's event is held virtually in response to the COVID-19 pandemic conditions in various parts of the world. The 3rd Virtual Grand Launching of IID was carried out on July 22, 2020 which was then continued with a series of promotional activities in various provinces, namely East Java, Central Java, North Sumatra, North Sulawesi, DKI Jakarta, Bandar Lampung, West Nusa Tenggara, West Java, East Kalimantan, Riau Islands and South Sulawesi. The implementation of IID in the regions involves the Provincial Government, Bank Indonesia Representative Officers, investment project owners and foreign investors who are interested in investing in Indonesian territory. IID 2020 for DKI Jakarta Province will be held on September 8-9 2020 which consists of Webinar sessions and One-on-One Meeting. The projects offered at this event are the MRT North-South / East-West line, Jakarta LRT, Transit Oriented Developments, Intermediate Treatment Facility - Jakarta Waste to Energy and Jakarta Industrial Estate Pulogadung. The webinar was opened by the Indonesian Embassy in Singapore, the Governor of Bank Indonesia, the Head of BKPM and the Regional Governor of the DKI Jakarta Province and was attended by the Head of the DKI Jakarta Provincial Bank Indonesia Office, DKI Jakarta Provincial Government officials, related agencies, investors and the public. It is hoped that the holding of the IID event will be able to encourage increased investment in Jakarta and economic activity in DKI Jakarta.