Riau Province Surpasses Investment Realization Target

    Antara - 05 Februari 2020 17:55 WIB
    Riau Province Surpasses Investment Realization Target
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    Pekanbaru: Realized investment in Riau Province climbed 82.58 percent to Rp41.80 trillion in 2019 as compared to 2018, thereby making it the largest recipient of investment in the Sumatra region.

    The realized investment in 2019 accounted for 174.17 percent of the targeted Rp24 trillion set by the Investment Coordinating Board (BKPM) for Riau Province, Chief of the Riau Provincial Investment and Integrated One-Stop Service Office Evarefita remarked here on Wednesday, February 5, 2020.

    According to her, with the realized investment of Rp41.80 trillion, Riau was ranked first among 10 provinces in Sumatra in terms of investment inflows last year.

    Riau was also ranked first in terms of domestic investment, with a total value of Rp26.29 trillion. However, in terms of foreign investment, it came second, with a total value of US$1.034 billion, or Rp15.5 trillion, next to Riau islands Province, with a total investment of Rp20.451 trillion.

    On a national scale, Riau came sixth after West Java, Jakarta, Central Java, East Java, and Banten in terms of realized investment.

    "This shows that Riau is a potential region to invest," she remarked.

    Domestic and foreign investment in Riau last year mostly went to five sectors: the chemical and pharmaceutical industry, with Rp7.276 trillion, spread across 107 projects; the forestry sector, with Rp7.115 trillion, in two projects; the construction sector, with Rp6.950 trillion, in 62 projects; food industry, with 5.45 trillion, in 326 projects; and paper and printing industry, with Rp4.65 trillion, in 56 projects.

    The food crop, plantation, and husbandry sector was ranked fifth, with Rp4.2 trillion, in 261 projects; while the mining sector, once Riau's key earner of foreign exchange, was ranked 15th, with Rp1.7 trillion, in 20 projects. (Antara)


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