North Sumatra exceeds 2024 investment target by 119.63 percent

North Sumatra's realized investments soared by around 104.56 percent year-on-year from about Rp39.05 trillion in 2023 to more than Rp48.27 trillion in 2024.

"The North Sumatra's investment realization in 2024 exceeded the 2024-2026 regional development plan (RPD)'s Rp40.35 trillion investment target by 119.63 percent," Acting North Sumatra Province Regional Secretary Effendy Pohan in Medan City, North Sumatra on Mar. 3, 2025 explained.

"The North Sumatra Province DPMPTSP (Investment and Integrated One-Stop Services Office) has prepared an investment and downstreaming program," he added.

A part of the program is the development of the Investment Facility Information System application. In addition, there is also guidance for companies in reporting investments through the investment activity report (LKPM), as well as supervision and resolution of obstacles faced by investors.

"The more efficient the licensing process, the higher the interest of investors to invest in our region," said Effendy.

Meanwhile, the Indonesian government has targeted the national investment realization to reach nearly Rp13.53 quadrillion for the 2025-2029 period. The target, if met, is expected to drive economic growth of up to 8 percent and create jobs for 3.74 million people.

Effendy hopes that investment realization in North Sumatra can continue to increase, which will require the active role of all North Sumatra Provincial Government civil servant.

"[We must] continue to improve professionalism, discipline, and work ethic in supporting the achievement of regional development targets," he concluded.