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Realized Investment to West Nusa Tenggara in Q1 2024 Reaches Rp8.84 Trillion
WINDONESIA July 19, 2024
The construction site of Amman Mineral's copper and precious metals smelter in West Sumbawa Regency, West Nusa Tenggara. (Antara/Amman).
The West Nusa Tenggara Provincial Government recorded realized investment to West Nusa Tenggara reaching Rp8.84 trillion in the first quarter (Q1) of 2024, which is equal to 33 percent of the national target and 35 percent of the regional target.
"Domestic investment reached Rp6.51 trillion and foreign investment reached Rp2.33 trillion," West Nusa Tenggara Province Investment and One-Stop Integrated Service Agency (DPMPTSP) Acting Head Wahyu Hidayat stated in Mataram City, West Nusa Tenggara July 10, 2024.
Throughout January to March 2024, the realized investment created jobs for 6,914 local workers and 66 foreign workers.
Wahyu added that the three sectors contributing the largest realized investments are the energy and mineral resources sector with Rp5.56 trillion, the industrial sector with Rp1.84 trillion, and the tourism sector with Rp762 billion.
"Then [they are] followed by the trade sector at Rp286 billion, transportation at Rp130 billion, and labor at Rp104 billion," he said.
Investment development in West Nusa Tenggara has consistently shown a positive trend year after year, largely due to the multiplier effects of the construction of national strategic projects such as the Mandalika Special Economic Zone and the smelter project.
Realized investment to West Nusa Tenggara reached Rp13.91 trillion in 2021 based on West Nusa Tenggara DPMPTSP date, which significantly increasing to Rp21.60 trillion in 2022 but later declining to Rp14.72 trillion in 2023.
Source: www.antaranews.com
