Tamalanrea: Journal of Government and Development
Vol. 3 No. 2 (2026): AUGUST 2026

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

Andi Hamina (Department of International Relations, Hasanuddin University, Makassar, Indonesia, 90245)
Darwis (Department of International Relations, Hasanuddin University, Makassar, Indonesia, 90245)
Seniwati (Department of International Relations, Hasanuddin University, Makassar, Indonesia, 90245)



Article Info

Publish Date
26 Aug 2026

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.

Copyrights © 2026






Journal Info

Abbrev

jgd

Publisher

Subject

Humanities Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Tamalanrea: Journal of Government and Development (JGD) is a government and development studies journal for the theoretical and practical discussion of government, public institutions, public policy, and development. Our journal, in association with the Department of Government Science, Faculty of ...