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AGASID 2024: Aceh's commitment to sustainable development

The Aceh Province One-Stop Investment and Integrated Services Office (DPMPTSP) and Bank Indonesia had once again held the annual Aceh Gayo Sustainable Investment Dialogue (AGASID) 2024. The fourth edition of the forum aims to open up investment opportunities in Aceh and introduce its regional potential to national and international investors.

Aceh DPMPTSP Head Muhammad Iswanto stated through the Acting Aceh DPMPTSP Head Feriyana that AGASID 2024 is an important opportunity to establish constructive dialogue between stakeholders in the investment sector.

"We open a space for dialogue for investors to observe the rich and diverse [investment] potential of Aceh closer through the event. We are proud to receive the support of BI Aceh [Representative Office], an important partner in organizing AGASID," Feriyana remarked. She attended the event wearing Aceh Jaya batik with a Nilam pattern, a leading product of Aceh.

"Nilam batik reflects our cultural and natural wealth. This is an example of local innovation that we are proud of," Feriyana added.

With "From Vision to Reality: Increasing Aceh's Investment Attractiveness through Digitalization, Green Energy, and Sustainable Tourism" as its theme, AGASID 2024 shows Aceh's commitment to encourage sustainable economic development. Digitalization, green energy, and sustainable tourism are expected to become leading sectors that increases Aceh's attractiveness for investment.

Digitalization is considered the key for Aceh to increase efficiency and competitiveness in various sectors, while green energy is the implementation of the commitment to a low-carbon economy by utilizing renewable energy sources such as hydro power and biomass. Moreover, sustainable tourism is expected to be able to introduce the cultural wealth and natural beauty of Aceh while considering the environmental conservation aspect.

Feriyana also said that the forum succeeded in attracting more than 200 participants from various sectors, including government officials, the private sector, and international partners.

"We are honored by the presence of five VIP officials from among the regents, who showed full support for sustainable investment in Aceh," she revealed.

Participants took part in various events during the forum, including panel discussions and presentations of investment projects ready to offer (IPRO). The projects include ones in the fields of green energy, digitalization, tourism infrastructure, and fisheries.

"We hope that these projects could attract investors and create synergies that are beneficial to the people of Aceh," Feriyana said.

Amid the challenging dynamics of the global economy, the Aceh Government remains committed to strengthening regional competitiveness by continuing to improve the ease of doing business, providing clear policy support, and creating a conducive investment climate.

"We invite all participants and partners to jointly support this vision and convey a positive message to the world that Aceh is ready to accept investments that support sustainable development. Hopefully, AGASID 2024 will be a productive first step in developing a more prosperous and sustainable future for Aceh," Feriyana concluded.

Meanwhile, Acting Aceh Governor Safrizal ZA said that investment in strategic sectors is expected to strengthen Aceh's economy, create new jobs, and improve its people's welfare. Through AGASID 2024, Safrizal hopes that collaboration between the government, business actors, and the international community could help realize Aceh become a sustainable and innovative investment center.

According to the World Investment Report 2024, the international investment environment remains challenging this year.

"However, we of the Aceh Government are committed to increasing competitiveness by improving business efficiency, governance, and economic performance. We also continue to create a sustainable, friendly, and competitive investment climate," he added.

"Not only that, we also provide various conveniences and facilities as well as investment policy support for investors," he concluded.

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