News
West Papua Exceeds 2024 Investment Target
WINDONESIA November 5, 2024
West Papua DPMPTSP held a technical coordination meeting with the province's regency-level DPMPTSPs in Manokwari Regency. (Antara/Fransiskus Salu Weking)
The West Papua Province Investment and One-Stop Integrated Services Office (DPMPTSP) claims that realized investments to West Papua has reached Rp3.7 trillion for 2024.
West Papua DPMPTSP Head Godlief Aponno stated in Manokwari Regency, West Papua on Oct. 18, 2024, that the provincial government continues to strive to maintain the province's investment climate by easing the requisite permit process. The transformation in investment licensing supported West Papua into exceeding the Rp1.4 trillion investment target for 2024 set by the Investment Ministry/Investment Coordinating Board (BKPM).
"In the first half (H1) of 2024, West Papua has exceeded its [investment] target. This is an extraordinary achievement," he noted.
Godlief added that the provincial government and seven regencies throughout West Papua need to align their perspecties so that the positive performance in 2024 could be maintained in the coming years. That need is the basis for implementing a technical coordination meeting to discuss other potential investments that could be developed in West Papua, promotional strategies, as well as solutions to the challenges that will be faced in attracting investments.
"We are reviewing which recommendations have been followed up, and which ones that have not," he said.
Godlief revealed that the West Papua DPMPTSP and the regencies redid the West Papua's investment potential during the technical coordination meeting to adjust it in line with the province's general investment plan (RUPM).
One of the potential investments that was in focus at the meeting is the optimization of micro, small, and medium enterprises (MSMEs) so they could contribute to regional investment performance.
"West Papua has a lot of potential, [such as in] fisheries, tourism, and others. But studies involving academics are needed for that potential to become opportunities," Godlief said.
He also noted how the regional government needs support from traditional and community leaders to overcome the problem of legal certainty over land that has the potential to hinder investment growth in West Papua. The understanding of the community, especially indigenous communities, regarding the benefits of investment for West Papua's economy and employment is an important factor in solving said issue.
Source: www.antaranews.com