Investment Forms the Backbone of the Economic Growth

In addition, Indonesia remains a global investment magnet in Southeast Asia amid the pandemic.

Kompas/Heru Sri Kumoro

Workers complete the construction of the Cengkareng-Batu Ceper-Cikunir toll road on Jalan Daan Mogot, Batu Ceper, Tangerang City, Banten, on Sunday (12/4/2020).

The government hopes that investment will serve as the main engine of economic growth amid a decline in household spending as a result of the pandemic. (Kompas, 30/7/2021).

In contrast to the global trend in foreign direct investment (FDI), which has dropped sharply during the COVID-19 pandemic, the flow of FDI into Indonesia increased in the first half of the year.