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West Sumatra Promotes Investment Potential at WSIF 2024
WINDONESIA August 6, 2024
West Sumatra Deputy Governor Audy Joinaldy (second from right) at the opening of the WSIF 2024 event at the Ballroom of the Mercure Grand Mirama Hotel Surabaya in Surabaya City, East Java on July 17, 2024. (West Sumatra Province Regional Secretariat Lead
The West Sumatra Provincial Government held the 2024 West Sumatra Investment Forum (WSIF) in collaboration with Bank Indonesia's West Sumatra Representative Office and the Indonesian Chamber of Commerce and Industry (Kadin) West Sumatra. The collaboration took place at the Mercure Grand Mirama Hotel Surabaya in Surabaya City, East Java Province on July 17, 2024.
West Sumatra Deputy Governor Audy Joinaldy stated at the forum's opening that the implementation of WSIF 2024 is intended to introduce West Sumatra's potential for Ready to Offer investments to Kadin East Java and business partners in East Java. Audy, alongside five West Sumatra Regents and Mayors, explained the investment potential of their respective regions from various sectors during WSIF 2024, such as tourism, renewable energy, downstream industry, mining, and plantations.
Among the potential investments exposed by the regional leaders at WSIF 2024 include the Muaro Anai Tourism Pier, Tiram Beach, Belibis Island, Pramuka Park, Rest Area Development, Canloka Safari Park, and the Lake Maninjau Tourism Area. The Puncak Lawang Integrated Nature Tourism, Sinamar Block Oil and Gas Downstream Industry, Rubber Commodity Downstream Industry, Limestone Mining and Industry, Granite Mining and Industry, and the Batang Kuantan Hydroelectric Power Plant were also presented at the forum.
Audy said that West Sumatra's investment potential is proven by being one of the provinces with economic growth around the national average, inflation that is not too high, and good microeconomic, macroeconomic, and human development economic indicators. He added that West Sumatra's Human Development Index is sixth place in Indonesia and first place in Sumatra.
Audy also said that several medium-level investors have started to enter West Sumatra, but investment on a larger scale is still needed. Therefore, one of the efforts made by the local government is to hold investment forums to promote the province's investment potential.
Source: www.rri.co.id