Pramono Says Jakarta Market Transactions Reach Rp150 Trillion per Year, 153 Markets Ready to be Transformed

JAKARTA - DKI Jakarta Governor Pramono Anung targets the transformation of traditional markets as part of the direction of Jakarta's development towards a global city. He said, the market is no longer just a trading space, but can be an economic driver and a development node for the region.

This was conveyed by Pramono when opening a Focus Group Discussion (FGD) entitled Transforming Jakarta's Markets: Leveraging Markets as Urban Catalysts for Inclusive and Sustainable City Development at the DKI City Hall, Monday, February 23.

"The market in Jakarta has great potential to transform from just a daily transaction space into an urban destination with high economic, social, and cultural value. This transformation is in line with the direction of Jakarta's development towards a global city as stated in the regional development planning document," said Pramono at the DKI Jakarta City Hall, Monday, February 23.

Pramono explained that currently, economic transactions in Jakarta markets reach more than Rp. 150 trillion per year. According to him, the revitalization of markets must be part of the strategy for the development of inclusive and competitive urban economies.

"Currently, economic transactions in the Jakarta market reach more than Rp. 150 trillion per year. There are 153 markets with great potential with around 286 thousand micro, small, and medium enterprises (MSMEs). This is the main strength of the Jakarta economy," he said.

The DKI Provincial Government has also previously held a digitalization competition in 20 markets for two weeks. The result, there was an increase in transactions of almost 47 percent. Pramono assessed that the achievement showed that traders and the public were quickly adapting to digital payment systems.

Pramono hopes that the market in Jakarta can develop into a center for creative economy, a social interaction space, as well as an area that is integrated with transportation and the surrounding environment.

"In Jakarta, there are already several markets that are beginning to be enjoyed by foreign tourists, such as the Glodok-Pecinan area, Pasar Baru, Blok M, Santa Market, and others. However, we still need to make improvements, both in terms of physical infrastructure, payment systems through digitization, increased security, to handling the practice of parking thugs," he explained.

He also emphasized the importance of thorough arrangements, ranging from building repairs, transaction systems, security, to supervision of illegal parking.

"Market development can be realized if coordination is carried out properly. I appreciate the DKI Jakarta Regional Development Planning Agency (Bappeda) who initiated this FGD. Hopefully the results can become a milestone or strategic plan for the improvement of 153 markets in Jakarta," he concluded.