“…This investment activity is Proceedings of the International Conference on Industrial Engineering and Operations Management Istanbul, Turkey, March 7-10, 2022 carried out by foreign investors, both whose capital is owned by foreign parties and whose capital is a joint venture between foreign parties and domestic parties (Rajagukguk, Purba, Budiono, & Adirinekso, n.d.). Foreign investment through joint ventures is foreign capital entering into cooperation with domestic investors, provided that foreign parties control a maximum of 95% of the capital, while domestic investors have a minimum of 5% of capital including the railway and urban transportation support (Sidik Budiono & Purba, 2020); . In addition, the definition of foreign investment, in Article 1 Number 8 of the Investment Law also defines the meaning of foreign capital, namely: Foreign capital is capital owned by foreign citizens, foreign business entities, foreign countries, foreign legal entities, and Indonesian legal entities which foreigners partially or wholly own (Zafar et al, 2019); (S Budiono, Purba, Rajagukguk, Samosir, & ..., 2020).…”