Jakarta Passing! East Java Is The Province With The Top Absorbing Investment In 2020

One of the landmarks of East Java (Photo: Traveloka)

JAKARTA - East Java is the province that has absorbed the most investment figures in Indonesia throughout 2020 with a score of IDR 55.66 trillion. The report was published by the Central Statistics Agency (BPS) on Tuesday, February 9 on its official website.

Continuing this information, BPS noted that the value gain was generated from more than 15 thousand projects collected over the past year. This East Java achievement jumped from the 2019 period book which recorded 5,283 projects with a value of IDR 45.45 trillion.

Meanwhile, West Java Province is in the second place with IDR 51.4 trillion with a total of 8,989 projects.

Then, for the third position is filled by DKI Jakarta, which scored investment realization of IDR 42.95 trillion from more than 17 thousand projects throughout 2020.

For your information, Jakarta previously occupied the top position in investment affairs in 2019. It was noted that the region which is the center of the economy scored an investment of Rp.62.09 trillion with 3,344 projects.

Allegedly, the impact of the COVID-19 pandemic has caused the reluctance of investors to invest their funds in Jakarta over the past year.

This opportunity was then exploited by East Java, which managed to grab more investment compared to the Capital City area.

In total, realized investment in the form of domestic investment in 2020 amounted to IDR413.53 trillion with over 96 thousand projects.

This result is quite high compared to the 2019 investment of IDR 386.49 trillion through around 30 thousand projects.