Ridwan Kamil: Investment in West Java Rises 6 Times during Pandemic

Translator

Dewi Elvia Muthiariny

Editor

Petir Garda Bhwana

Senin, 16 November 2020 14:02 WIB

TEMPO.CO, Jakarta - West Java Governor Ridwan Kamil informed that the investment commitment in his region during the Covid-19 pandemic reached Rp360 trillion, or increased by six folds compared to 2019.

“Last year, the investment worth around Rp50-60 trillion entered our summit. I’m highly surprised that the number is not dropped during the pandemic, and even increases six times,” said Kamil in the virtual event of 2020 West Java Investment Summit on Monday, November 16, 2020.

The province, he said, is one of the most competitive investment destinations in Indonesia. The province was even recognized among other industrial cities in ASEAN, such as in Thailand and Vietnam.

This was attributable to the provincial government's efforts that improved various factors to attract investors, including enhancing the quality of education, maintaining social and political stability, and reforming the governance, Kamil explained.

Additionally, the local administration continued to develop infrastructures. West Java reportedly would open Patimban Port to serve as a logistic traffic center, which was targeted to operate in December 2020.

In the next two years, Kamil said the province would have a fast train connecting Bandung and Jakarta. “Many toll roads will be completed too, including Cisumdawu Toll,” he added.

Ridwan Kamil believed that West Java would attract a large number of investors since 60 percent of the country’s industries were centered in the province. “There are more than 2,000 South Korean companies and around a thousand Japanese firms [in West Java], and we are grateful for that,” he said.

Also Read: Ridwan Kamil Predicts Indonesia Will Return to Normal in 2022

FRANCISCA CHRISTY ROSANA

Related News

Transportation Minister Offers MRT Jakarta's TOD Project Investment to Japanese Stakeholders

2 hari lalu

Transportation Minister Offers MRT Jakarta's TOD Project Investment to Japanese Stakeholders

Indonesian government is ready upon request to facilitate investment in the construction of TOD along the MRT Jakarta route.

Read More

Indonesia, Vietnam Target Bilateral Trade of US$18 billion by 2028

2 hari lalu

Indonesia, Vietnam Target Bilateral Trade of US$18 billion by 2028

Indonesia, and Vietnam have agreed to target bilateral trade worth US$18 billion or more by 2028.

Read More

Indonesia Highlights Carbon Emission Reduction at Hannover Messe 2024

2 hari lalu

Indonesia Highlights Carbon Emission Reduction at Hannover Messe 2024

The Industry Ministry discussed strategic measures to curtail carbon emissions in the industrial sector at Hannover Messe 2024 in Germany.

Read More

Indonesia Urges European Union to Enhance Fair, Equal, and Mutually Beneficial Partnerships

3 hari lalu

Indonesia Urges European Union to Enhance Fair, Equal, and Mutually Beneficial Partnerships

European Union has become Indonesia's 5th largest trading partner.

Read More

BMKG: 2024 Dry Season in Greater Bandung to Begin in June

4 hari lalu

BMKG: 2024 Dry Season in Greater Bandung to Begin in June

The Meteorology, Climatology, and Geophysics Agency (BMKG) predicted that this year's dry season in Greater Bandung will commence in June 2024.

Read More

BCA Economist: MK Ruling on Elections Dispute Provides Certainty to Investors

5 hari lalu

BCA Economist: MK Ruling on Elections Dispute Provides Certainty to Investors

BCA Chief Economist said that the recent MK's decision on the election dispute provides investors with more certainty.

Read More

Indonesian Researchers in Spain Discover Antibodies to Avert COVID-19 Virus

5 hari lalu

Indonesian Researchers in Spain Discover Antibodies to Avert COVID-19 Virus

BRIN researcher Yudhi Nugraha and his team in Madrid, Spain, discovered antibodies called Spikebodies that can prevent the COVID-19 virus, SARS-CoV-2.

Read More

BMKG Says Rain Still Likely to Soak West Java in the Last 10 Days of April

5 hari lalu

BMKG Says Rain Still Likely to Soak West Java in the Last 10 Days of April

The Meteorology, Climatology, and Geophysics Agency (BMKG) predicts that rain will still fall throughout West Java in the last ten days of April.

Read More

Indonesian Top Minister Reveals Apple's Huge Investment Plan in IKN, Bali, and Solo

8 hari lalu

Indonesian Top Minister Reveals Apple's Huge Investment Plan in IKN, Bali, and Solo

Indonesian Coordinating Minister revealed tech giant Apple's plans for a major investment in the country.

Read More

After COVID, WHO Defines Disease Spread 'Through Air'

8 hari lalu

After COVID, WHO Defines Disease Spread 'Through Air'

The WHO and 500 experts have agreed on what it means for a disease to spread through the air to avoid the confusion early in the COVID-19 pandemic.

Read More