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Batam recorded Rp4.87 quadrillion realized investments as of Q3 2024
WINDONESIA January 3, 2025
BP Batam Head Muhammad Rudi. (Antara/BP Batam)
The Batam Free Trade and Free Port Zone Development Agency (BP Batam) in Riau Islands Province has successfully boosted the area's investment value, which has a significant impact on the province's regional economic growth in 2024.
BP Batam recorded realized investments to the Batam Free Trade Zone rising from nearly Rp4.87 quadrillion in the third quarter (Q3) of 2023 to about Rp6.93 quadrillion in Q3 2024. Realized foreign investments to Batam reached around Rp4.51 quadrillion in Q3 2024, while realized domestic investments reached about Rp2.42 quadrillion.
"We are grateful that investments [to Batam] can still grow thanks to the support of all components of regional [authority] and the Batam community. We must maintain this achievement so that Batam's economy continues to advance," said BP Batam Head Muhammad Rudi in a press release in Batam City on Dec. 30, 2024.
Rudi said that investment has a vital role in increasing Batam's economic growth, which has improved drastically in the past three years. Therefore, he added, BP Batam will continue to strive to improve all supporting infrastructure for investment.
"Strategic projects for the development of Batam will continue to be carried out so that this city could continue to be an important industrial and trade center in Indonesia," he said.
Source: kepri.antaranews.comRelated Articles
