Jakarta, Jan. 31 -- Indonesia's Minister of Industry, Agus Gumiwang Kartasasmita, said on Friday that the Rp721.3 trillion (around US$44.2 billion) manufacturing investment realization in 2024 reflects the high confidence of global investors.

He noted that Indonesia managed to attract this investment despite unstable global dynamics and political uncertainties affecting the domestic manufacturing sector.

"This signifies that investors have strong confidence in Indonesia's business climate and view the country as a prime investment destination for production and export," he said.

Data from the Ministry of Investment and Downstreaming shows that total investment realization in 2024 increased by 20.8 percent year on year, reaching Rp1,714...