Investments to Madiun City reached 200 percent of 2024 target

The Madiun City Investment and One-Stop Integrated Services Office (DPMPTSP) recorded realized investment to Madiun City, East Java reached Rp498 billion in 2024, exceeding the Rp195 billion target.

"The realized investment to Madiun City in 2024 reached Rp498,086,314,746, 200 percent of the Rp195 billion target," said Madiun City DPMPTSP Investment Coordinator Nuning Udayanah Nurfiati on Jan. 13, 2025.

She added that there are several fields that dominate investments to Madiun City, starting from hotels and restaurants; trade and repair; housing; industrial and office areas; the food industry; and other types of services.

Meanwhile, the presence of large investors was the main driver for soaring investment realization in Madiun City throughout 2024, with hospitals, hotels, and various outlets emerging in the city. Examples include Hermina Hospital with Rp180 billion investment value value, the largest for 2024, and Mercure Hotel with Rp87 billion investment value. The four star hotel is targeted to open by February 2025.

"There was new investors coming in with large capital in 2024, such as Hermina Hospital, Darmayu Hospital, Superindo, as well as other, SME (small and medium enterprise) investors," Nuning said.

Meanwhile, Madiun City's investment target for 2025 has been set at Rp198 billion. She is optimistic that the target can be achieved. Various efforts continue to be made to encourage investment, including increasing ease of investment, outreach efforts, and communicating about them to the public.