The scale of investment
Deputy Investment Minister Todotua Pasaribu presented figures for 2021 to 2025. Total investment in Bali reached Rp 123.65 trillion, of which Rp 72.83 trillion came through PMA, meaning foreign-owned companies.
He said the numbers reflect international confidence in the island.
Where the money went and where it came from
Hotels and restaurants attracted the most, Rp 35.7 trillion or 29%. Real estate, industrial estates and office parks came second with Rp 34.9 trillion or 28%. Other services and trade followed.
Singapore led source countries with Rp 9.74 trillion. Australia followed with Rp 9.42 trillion and Russia with Rp 9.16 trillion. France invested Rp 6.68 trillion and Hong Kong Rp 4.21 trillion.
Taken together, hotels and restaurants plus real estate account for more than half of all investment on the island over the five years.
A permit problem
The ministry also flagged an imbalance. Of 18,237 real estate projects across Indonesia, 13,146, or 72%, are in Bali. According to the ministry, many of them operate without complete permits.
That is one reason authorities are stepping up checks on foreign real estate companies on the island.
What PMA and PMDN mean
Indonesian statistics split investment into two groups. PMA (Penanaman Modal Asing) covers foreign-owned companies. PMDN (Penanaman Modal Dalam Negeri) covers domestic investors.
A foreigner who leases a villa directly from a landowner usually does not appear in these figures. They are built from companies that register projects and report their spending. So the numbers track corporate capital flows, not the count of private deals.