Available online at: http://journal.uinsgd.ac.id/index.php/ks Khazanah Sosial, Vol. 3 No. 3: 147-159 DOI: 10.15575/ks.v3i3.13325 * Copyright (c) 2021 Hasan Mustapa et.al This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License Received: July 8, 2021; In Revised : July 17, 2021; Accepted : July 23, 2021 Industrial Park and Foreign Investment for Sustainable Development in Indonesia Hasan Mustapa 1 , Melda Ria Juwita 2 , Yusuf Gumilar Sukma 3 1 Sunan Gunung Djati State Islamic University, Faculty of Social and Political Science, Bandung, Indonesia. 2 The School of Geography, Nanjing Normal University, China 3 The School of Urban Design, Faculty of Engineering, Wuhan University, China: *Corresponding Author E-mail: kangmoez@uinsgd.ac.id Abstract In this era of globalization, foreign investment no longer needs to be seen as a threat. On the other hand, foreign investment can be considered as a driving force for national development, including for Indonesia as a developing country, including the construction of Industrial Parks. This study aims to determine the potential and challenges of foreign investment in the development of industrial estates in Indonesia. This paper uses a qualitative descriptive method, where this study describes events that occur and is intended to describe existing phenomena, both natural and human engineering. As a result, this paper finds that the Indonesian government has begun to improve infrastructure so that it is also sufficient to be one of the supporting factors. With a good location and infrastructure, the company's business activities become more effective. And more importantly, the Indonesian government is also willing to provide some fiscal facilities and licensing facilities related to company activities even though they are slightly contrary to sustainable development. Therefore, this research will contribute to the process of increasing foreign investment for sustainable development in Indonesia. Keywords: Industrial park, foreign direct investment, sustainable development, eco-efisiensi. Abstrak Di era globalisasi ini, penanaman modal asing tidak perlu lagi dipandang sebagai ancaman. Sebaliknya, penanaman modal asing dapat dianggap sebagai motor penggerak pembangunan nasional, termasuk bagi Indonesia sebagai negara berkembang, termasuk dengan pembangunan Industrial Park. Penelitian ini bertujuan untuk mengetahui potensi dan tantangan investasi asing dalam pengembangan kawasan industri di Indonesia. Tulisan ini menggunakan metode deskriptif kualitatif, dimana penelitian ini menggambarkan peristiwa yang terjadi dan dimaksudkan untuk menggambarkan fenomena yang ada, baik alam maupun rekayasa manusia. Hasilnya, makalah ini menemukan bahwa pemerintah Indonesia telah mulai memperbaiki infrastruktur sehingga juga memadai untuk menjadi salah satu faktor pendukung. Dengan lokasi dan infrastruktur yang baik, kegiatan usaha perusahaan menjadi lebih efektif. Dan yang lebih penting lagi, pemerintah Indonesia juga bersedia memberikan beberapa fasilitas fiskal dan fasilitas perizinan terkait kegiatan perusahaan walau sedikit bertentangan dengan pembangunan berkelanjutan. Oleh karena itu, penelitian ini akan berkontribusi pada proses peningkatan investasi asing untuk pembangunan berkelanjutan di Indonesia. Kata Kunci: Kawasan industri, investasi asing langsung, pembangunan berkelanjutan, eko-efisiensi. INTRODUCTION Economic globalization is still a major trend to be discussed following today's global economy growth. Nevertheless, developed countries have now played a leading role in the cycle of globalization's economic progress. Today, economic progress and innovation in IT and telecommunications are now