Surabaya

Surabaya –  The dynamic economic hub of East Java

Surabaya, the capital city of East Java, is the second-largest city in Indonesia. Strategically located on the northeastern coast of Java Island, the city serves as a pivotal economic and transportation hub in the region. With a rich blend of historical and modern influences, Surabaya offers a dynamic urban landscape that reflects its vital role in the nation’s development.

Bordered by the Madura Strait to the north, Surabaya holds significant maritime importance. The city’s well-developed Tanjung Perak Port is among the busiest in the archipelago, facilitating substantial domestic and international trade. Surabaya's infrastructure supports a vibrant urban environment, characterized by modern skyscrapers, bustling markets, and a network of transportation systems, including the ongoing mass rapid transit (MRT) project.

The city's population enjoys a relatively high standard of living, with access to comprehensive educational institutions, healthcare facilities, and recreational amenities. Cultural landmarks such as the House of Sampoerna, Suramadu Bridge, and various historic mosques and temples highlight the city’s rich heritage and community spirit.

Surabaya's investment climate is favorable, bolstered by its strategic location, developed infrastructure, and supportive government policies aimed at encouraging both domestic and foreign investment. The city’s Special Economic Zones (SEZs) and industrial estates offer incentives for businesses, further enhancing its attractiveness as an investment destination.

In 2023, Surabaya’s Gross Regional Domestic Product (GRDP) based on current prices was Rp 715.29 trillion. This represents a nominal increase of Rp 59.68 trillion compared to Rp 655.62 trillion in 2022. Based on 2010 constant prices, the GRDP also increased from Rp 434.27 trillion in 2022 to Rp 459.03 trillion in 2023, reflecting the city’s economic growth of 5.70 percent. The business sectors contributing significantly to the city’s GRDP in 2023 include Wholesale and Retail Trade at 28.16 percent, the Industrial Sector at 18.93 percent, Accommodation and Food and Beverages at 16.03 percent, and Construction at 9.08 percent.