Investment Realization Of Southwest Papua 2025 Targeted At IDR 3.49 Trillion

JAKARTA - The Ministry of Investment and Downstreaming set an investment realization target for Southwest Papua Province (PBD) by 2025 of IDR 3.49 trillion or 0.18 percent of the national target of reaching IDR 1,905 trillion.

The target was conveyed by Regional Director V, Deputy for Control of Investment Implementation, Ady Soegiharto, in a coordination meeting of the Investment and One Stop Integrated Service (DPMPTSP) throughout Southwest Papua in Sorong City.

"This is a target that we must achieve. Indeed, the portion for Southwest Papua is only 0.18 percent, but this Rp3.49 trillion figure must be realized," said Ady as quoted by ANTARA, Thursday, November 27.

He explained that the main strategy in pursuing this target is to strengthen companies that have been operating in Southwest Papua for a long time.

According to him, boosting companies that have been running is more effective than attracting new investors who have the potential to be hampered by the issue of customary land status.

"This just needs to be completed. Empower and strengthen companies that have been moving for a long time to grow, rather than looking for new companies that may have problems with customary rights," he said.

Nationally, investment realization until the third quarter reached 75 percent or Rp1,434 trillion.

He said this investment trend was no longer centered on the island of Java, but was evenly distributed from Sabang to Merauke.

Southwest Papua also took a role in this growth, especially through the hotel and restaurant sectors, fisheries, and various processing industries including processing wood, skin, vehicles, paper, to chemicals and pharmaceuticals.

Ady added that the realization of investment in six regencies/cities in Southwest Papua, namely Sorong City, Sorong Regency, Raja Ampat, Maybrat, South Sorong, and Tambrauw, has reached Rp2.4 trillion until the third quarter.

"There are still around Rp1 trillion left to be boosted," he said.

Assistant II of the Regional Secretariat of Southwest Papua Province, Jhoni Way, emphasized that achieving the investment target requires close collaboration between provincial governments, districts/cities, and business actors.

He asked the regents and mayors to open up and speed up the licensing process to support the realization of investment in the regions.

Every regent and mayor must open up so that the investment target can be realized. The settlement of land issues for customary rights must also be prioritized so that investors are not hampered when entering," said Jhoni.

He believes that by optimizing regional potential and strengthening operating companies, the Southwest Papua Government can meet the investment realization target by 2025.