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.

PT PTPN III (Persero) subsidiary PT Kawasan Industri Nusantara (PT KINRA), signed an investment agreement with Chinese company Zhonghong Pulin Group Co., Ltd. worth US$297 million (about Rp4-5 trillion) that will focus on the development of the medical equipment industry and medical glove production in the Sei Mangkei Special Economic Zone (SEZ), Simalungun Regency, North Sumatra Province.

The 13th Medan Hospital Expo, a health industry exhibition with a series of seminars, and the 15th Indonesian Hospital Association (PERSI) North Sumatra Hospital Workshop will be held in Medan City, North Sumatra Province.

The export value through loading ports in North Sumatra Province rose by 3.24 percent month-to-month (mtm) from US$957.86 million in November 2024 to US$988.9 million by December 2024.

Alliance World Manufacturing Limited (AWML) subsidiary PT Alliance Consumer Products Indonesia (PTACPI) officially inaugurated Veda 3, its newest factory, within the Sei Mangkei Special Economic Zone (SEZ) in Bosar Maligas District, Simalungun Regency, North Sumatra Province on Jan. 9, 2025. The state-of-the-art manufacturing facility is designed to meet global standards in terms of quality, efficiency, and sustainability.

Chinese investors have shown great interest in the Kuala Tanjung Industrial Estate (KIKT) and the Sei Mangke Special Economic Zone (SEZ) in Batubara Regency, North Sumatra Province. They plan to build a steel metallurgy manufacturing site with an investment value of Rp120 trillion (US$8 billion).

Acting North Sumatra Governor Agus Fatoni and the Indonesian Palm Oil Association (GAPKI) North Sumatra held a meeting to discuss various crucial issues in the palm oil industry at the North Sumatra Governor's official residence in Medan City, North Sumatra on Nov. 5, 2024. The discussion included the Palm Oil Rejuvenation (PSR) program, oil palm revenue sharing funds (DBH), as well as labor, production, and efforts to maintain the security of palm oil plantation investments in North Sumatra.

Statistics Indonesia (BPS) North Sumatra Province noted that the export value from North Sumatra rose by 7.4 percent month-to-month (mtm) as of August 2024.