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Governor Ridwan Kamil Welcomes Investors Worldwide to Invest in West Java
West Java Investment Summit (WJIS 2020): Governor Ridwan Kamil Welcomes Investors Worldwide to Invest in West Java

BriefingWire.com, 11/24/2020 - Bandung, W Java, Indonesia, Nov 23, 2020 - (ACN Newswire) - The 2020 West Java Investment Summit (WJIS 2020) was held in Bandung City this week, Nov 16 to 19, hosted by the West Java provincial government in collaboration with the Bank of Indonesia Representative Office in West Java. Through the WJIS 2020, West Java Governor Ridwan Kamil invited international investors from around the world to invest in the province of West Java, particularly through the Rebana Metropolitan project.

Rebana Metropolitan is the northern / northeastern area of West Java Province that includes the six districts of Sumedang, Majalengka, Cirebon, Subang, Indramayu, and Kuningan and the city of Cirebon. The Metropolitan area has a population of 9.28 million, or some 18.82% of the total 49.3-million populace of West Java as of 2019.

As many as 1,434 foreign and domestic investors participated in the one-on-one meeting session on Monday, in which 16 land projects were offered with a total investment value of US$2.8 billion (Rp 39.5 trillion). Governor Ridwan Kamil offered the advantages of investing in West Java for international investors.

First, West Java has quality infrastructure, and one of them is the Patimban Port, which, located in Subang district, will soon open in December 2020. "Besides, West Java is going to have the Jakarta-Bandung Fast Train that will be completed next year," said Ridwan. Moreover, West Java also continues the development of several toll roads that will facilitate industrial and community access.

The other advantages of investing in West Java are its quality infrastructure and competitive human resources. With these two pros, quality infrastructure and competitive human resources, the governor ensures that West Java can compete with provinces in other countries, such as Thailand and Vietnam.

"West Java is one of the most competitive regions in Indonesia," he stated. Ridwan emphasized that to strengthen the provinces competitiveness, the West Java local government remained committed to making improvements in four important fields: education, infrastructure, socio-political stability, and bureaucratic reform.

The governor also expressed optimism that West Java would become a globally competitive region to attract investment, especially with the existence of the Rebana Metropolitan area. "For the last three years, West Java has been the premier investment destination. This year, we are still 'champs' for investment realization, almost reaching IDR 90 trillion," said Governor Ridwan.

West Java Province is currently still one of the main destinations for foreign and local investment. Up to the third week of November 2020, the province managed to record total inbound investment of more than IDR 380 trillion. That total consists of four categories, namely (1) Realized Investment (for the period of January to September 2020); (2) Preparation-stage Investment; (3) Commitment-stage Investment; and (4) Ready-to-offer Investment.

For Realized Investment, based on Investment Coordinating Board (BKPM) data for the January to September 2020 period, the West Java province ranks first in investment realization based on location with a value of IDR 86.3 trillion or 14.1 percent.

Noneng Komara Nengsih, West Java Investment Agency (DPMPTSP) Head, mentioned five sectors in the province that are favourable to investors: (1) construction; (2) transportation, warehouse and communication; (3) housing, industrial and office areas; (4) electricity, gas and water; (5) motor vehicles and other transportation equipment industries.

 
 
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