JAKARTA, July 3 (Xinhua) -- The Indonesian government announced on Thursday that it is seeking investments totaling up to 8,297.8 trillion rupiahs (510 billion U.S. dollars) to achieve its targeted economic growth rate of 6.3 percent by 2026.

"The figure is based on calculations by the ministry. Most of the required investment is expected to come from the private sector," said Rachmat Pambudy, Indonesia's minister for national development planning, during a parliamentary hearing in Jakarta.

He noted that by 2026, economic growth is projected to be primarily driven by consumption, investment, and exports.

"Therefore, we need an investment policy that fosters a conducive investment climate that attracts the participation of both state-owned enterprises and the private sector in developing high-value-added projects," Pambudy added. (1 U.S. dollar equals around 16,155 rupiah) ■