Bandung (ANTARA) - Acting Governor of West Java Bey Machmudin emphasized that efforts to boost investment have yielded sweet results in West Java's economic growth rate, which remains stable.

Bey said, in terms of economic growth, West Java's economy remained stable in the second quarter of 2024, with an annual growth rate of 4.95 percent.

"This stability is largely driven by the investment sector, which grew by 1.40 percent," he said at the 2024 West Java Investment Summit (WJIS) in Bandung, Thursday.

This surge in investment has had a significant impact on labor absorption from 119,866 workers in the first half of 2023 to 185,967 workers in the first half of 2024.

"These figures clearly show a direct relationship between investment realization and job creation," he said.

Bey pointed out that investment realization in West Java jumped from IDR 103.6 trillion in the first semester of 2023 to IDR 128.32 trillion in the first semester of 2024. This increase shows the attractiveness of this province and its success in creating a good investment climate.

"More importantly, this increase in investment has a direct impact on job creation," he said.

In the first semester of 2023, as many as 119,866 people were absorbed into the world of work, and this number increased sharply to 185,967 people in the first semester of 2024.

Because of this, Bey ensures that there is a direct relationship between investment and employment, showing the important role of investment in West Java's economic growth.

According to him, West Java's economic development is not just about numbers, but also about improving the quality of life, opening up opportunities and building a better future. Since 2010, economic growth has been stable at 5-6 percent with per capita income ranging from 2,300 US dollars to 2,500 US dollars.

"This progress continues, building a strong foundation for future development," he said.

(SOURCE)