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Beyond investment attraction: Green investment governance for sustainable regional development in Bantaeng Industrial Estate

Tamalanrea: Journal of Government and Development (JGD) · Vol. 3 No. 2 (2026) · pp. 143–157

DOI
10.69816/jgd.v3i2.52994
ISSN
3047-4116
Published
2026-08-26
Publisher
Department of Government Science, Hasanuddin University
Language
en
License
creativecommons.org/licenses/by-nc-nd/4.0

Abstract

Investment in natural resource-based industrial areas has become a key strategy for regional governments to stimulate economic growth and enhance competitiveness. However, investment policies often prioritize capital inflows without sufficient governance mechanisms to ensure environmental sustainability and equitable socio-economic benefits. This study examines investment governance in the Bantaeng Industrial Estate (KIBA) and proposes a Green Investment Governance framework for sustainable regional development. Using a qualitative case study approach through literature review and document analysis, the research analyzes government regulations, policy documents, official reports, and academic publications related to Foreign Direct Investment (FDI), investment governance, and sustainable development. The findings show that investment governance in KIBA remains predominantly growth-oriented, focusing on investment realization, employment generation, and regional revenue. Although this approach has improved investment attractiveness through infrastructure development and regulatory facilitation, it has not fully optimized local economic spillovers or addressed environmental and social risks. The study proposes a Green Investment Governance framework based on sustainability performance-based incentives, life-cycle investment governance, integrated investment monitoring, and strengthened transparency and public participation. This framework offers a policy direction for balancing economic competitiveness, environmental sustainability, and inclusive regional development in resource-based industrial areas.

Keywords

Collaboration network of the authors

19 authors · 29 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • State University of Malang
  • Institut Agama Islam Negeri Kendari
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Muhammad AsharState University of Malang1
Nurjannah AbdullahAffiliation unknown1
Burhanuddin Siti NurazizahAffiliation unknown1
Husein AbdullahAffiliation unknown1
Adriansyah WijayaAffiliation unknown1
Pusparida SyahdanAffiliation unknown1
Sevy Annesa PutriAffiliation unknown1
Munif Arif RantiAffiliation unknown1
Oktaviano Nandito GunturAffiliation unknown1
Ibnu Aly BadiuAffiliation unknown1
. AnitaAffiliation unknown1
Aswin BaharuddinAffiliation unknown1
Muhammad IqbalInstitut Agama Islam Negeri Kendari1
Muhammad Ashry SallatuAffiliation unknown1
Anten Sapitri CahyantiAffiliation unknown1
Sri YanniartiAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/jgd/oai, first harvested 2 Nov 2026, last seen 2 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">Beyond investment attraction: Green investment governance for sustainable regional development in Bantaeng Industrial Estate</dc:title>
	<dc:creator xml:lang="en">Hamina, Andi</dc:creator>
	<dc:creator xml:lang="en">Darwis</dc:creator>
	<dc:creator xml:lang="en">Seniwati</dc:creator>
	<dc:subject xml:lang="en">Green Investment Governance</dc:subject>
	<dc:subject xml:lang="en">Foreign Direct Investment</dc:subject>
	<dc:subject xml:lang="en">Sustainable Regional Development</dc:subject>
	<dc:subject xml:lang="en">Bantaeng Industrial Estate (KIBA)</dc:subject>
	<dc:subject xml:lang="en">Environmental-Social-Governance (ESG)</dc:subject>
	<dc:description xml:lang="en">Investment in natural resource-based industrial areas has become a key strategy for regional governments to stimulate economic growth and enhance competitiveness. However, investment policies often prioritize capital inflows without sufficient governance mechanisms to ensure environmental sustainability and equitable socio-economic benefits. This study examines investment governance in the Bantaeng Industrial Estate (KIBA) and proposes a Green Investment Governance framework for sustainable regional development. Using a qualitative case study approach through literature review and document analysis, the research analyzes government regulations, policy documents, official reports, and academic publications related to Foreign Direct Investment (FDI), investment governance, and sustainable development. The findings show that investment governance in KIBA remains predominantly growth-oriented, focusing on investment realization, employment generation, and regional revenue. Although this approach has improved investment attractiveness through infrastructure development and regulatory facilitation, it has not fully optimized local economic spillovers or addressed environmental and social risks. The study proposes a Green Investment Governance framework based on sustainability performance-based incentives, life-cycle investment governance, integrated investment monitoring, and strengthened transparency and public participation. This framework offers a policy direction for balancing economic competitiveness, environmental sustainability, and inclusive regional development in resource-based industrial areas.</dc:description>
	<dc:publisher xml:lang="en">Department of Government Science, Hasanuddin University</dc:publisher>
	<dc:date>2026-08-26</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unhas.ac.id/index.php/jgd/article/view/52994</dc:identifier>
	<dc:identifier>10.69816/jgd.v3i2.52994</dc:identifier>
	<dc:source xml:lang="en">Tamalanrea: Journal of Government and Development (JGD); Vol. 3 No. 2 (2026): AUGUST 2026; 143-157</dc:source>
	<dc:source>3047-4116</dc:source>
	<dc:source>10.69816/jgd-v3i2</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://journal.unhas.ac.id/index.php/jgd/article/view/52994/14939</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2026 Andi Hamina</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by-nc-nd/4.0</dc:rights>
</oai_dc:dc>