City's Actual Investment in the Third Quarter is Highest in History

The PMDN and PMA's investment in the third quarter has hit Rp 41.1 trillion

The city's actual investment experienced a significant increase and became the largest acquisition in the history of investment realization per quarter in Jakarta.

The realized investment based on the location of the largest project namely, Jakarta amounting to Rp 41.1 trillion (20.0 percent), West Java Rp 33.4 trillion (16.2 percent), East Java Rp 14.8 trillion (7.2 percent), Riau Rp 13.1 trillion (6.4 percent) and Central Java Rp 11.1 trillion (5.4 percent).

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Jakarta Investment and One-Stop Integrated Service (PM and PTSP) Head Benni Aguscandra said this year's actual investment in the third quarter gives the best performance incision capital investment for the Jakarta Provincial Government.

"The PMDN and PMA's investment in the third quarter has hit Rp 41.1 trillion. This amount is the highest in the history of Jakarta's investment realization per quarter," he said, Thursday (11/7).

He explains its realization is increasing up to 56.9 percent compared to the same period last year.

In details, the PMDN realization is about Rp 15 trillion with 708 projects and PMA Rp 26.1 trillion (USD 1.7 billion) with 2,552 projects.

"In this year's third period, PMA realization in Jakarta is highest rather than other provinces in Indonesia," he explained.

According to him, various programs and policies related to investment and ease of licensing have made Jakarta as an excellent investment for domestic and foreign investors who will invest in Indonesia.

"The Governor's vision in creating a New Face of Jakarta implemented in investment policies and licensing facilities in Jakarta," he told.

Then the focus of investment and ease of licensing among others, optimizing the Jakarta Investment Center (JIC) and improving the ease of doing business rating, with Jakarta contributing 78 percent in the World Bank assessment.

"We also operate outlets to start a business corner at the Public Service Mall to encourage investors to partner with SMEs and investment promotion focused by business sector," he told.

As for the sectors most sought after by PMDN investors are construction by Rp 5.8 trillion, transportation, warehouse and telecommunication by Rp 5 trillion and housing, industrial estates and offices by Rp 2 trillion.

Then sectors most sought after by PMA investors are transportation, warehouse and telecommunication by Rp 21.1 trillion, housing, industrial estates and offices by Rp 3 trillion and other services Rp 1 trillion.

"We continue to attract more investors through investment promotion activities to prospective local and foreign investors. "Creating a conducive business climate and easy access to business licensing are our main focus in attracting investors to Jakarta," he uttered.

He added the South Jakarta became the highest region in the realization of investment in this year's third quarter.

"They have managed to hit Rp 24.5 trillion, followed by Central Jakarta Rp 14 trillion, East Jakarta Rp 1.1 trillion, West Jakarta Rp 1 trillion, North Jakarta Rp 354 billion and Thousand Islands Rp 114 billion," he said.