Garut (ANTARA) - The Garut Regency Government, West Java, recorded that the investment realization value in the region during 2023 reached IDR 1.35 trillion, exceeding the target figure of IDR 1.2 trillion from growth in domestic investment activity and foreign capital in the industrial and other sectors.

"The investment realization target in 2023 is IDR 1,260,000,000,000, the investment realization in 2023 is IDR 1,356,704,352,791, the realization value is 107.67 percent," said the Head of the Garut Regency Investment and Integrated Services Service (DPMPT), Wahyudijaya in Garut, Monday.

He said that investment achievements continued to increase every year, the investment target in 2022 was IDR 1.2 trillion, then in 2023 the target was still the same and the results turned out to exceed the target achievement.

The total number of projects based on the Investment Activity Report (LKPM) in Garut, said Wahyudijaya, is 1,025 projects consisting of 97 foreign investment projects and 928 domestic investment projects.

He said that of the total 1,025 investment projects, only half delivered value

Investment realization was 510 projects, the remaining 515 projects had not yet submitted investment realization value.

"The remaining 515 projects have not submitted their investment realization value in the year

2023," he said.

He said that as many as 97 projects from foreign investment had an investment value of IDR 354,752,752,791 consisting of 12 countries, namely Singapore, Japan, the Netherlands, Hong Kong,

Western Samoa, South Korea, Taiwan, France, China, Samoa, America, Qatar and the UK.

The largest domestic investment is PT Jakarta Intiland

with an investment value of IDR 68,230,900,000, namely building a hotel, parking facilities and shopping center in Garut City.

"The largest number of projects came from Singapore with 18 projects, and the largest investment value came from Western Samoa," he said.

He added that the investment achievement for 2024 is targeting IDR 1.5 trillion, a figure which is considered realistic given the start of economic growth and the interest of investors who are interested in investing in Garut.

"We are optimistic about achieving this figure because last year (2023) we succeeded in exceeding the target by 7 percent," he said.

(SOURCE)