Central Java Attracts Investment Amid Global Pressures, Governor Says
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- Governor Ahmad Luthfi highlighted Central Java's investment appeal amidst global economic and geopolitical pressures.
- He spoke at the inauguration of the 23 Semarang Shopping Center and the groundbreaking for Hyatt Place in Semarang.
- Luthfi emphasized efforts to build investor confidence through streamlined processes for industrial areas.
Governor Ahmad Luthfi of Central Java proudly noted the region's significant investment flow, describing it as remarkable given current global fiscal pressures and geopolitical conditions. He made these remarks following the inauguration of the 23 Semarang Shopping Center and the groundbreaking ceremony for Hyatt Place in Semarang.
In a time of global fiscal and geopolitical pressure, our ability to attract investment is not something to be taken lightly.
"In a time of global fiscal and geopolitical pressure, our ability to attract investment is not something to be taken lightly," Luthfi stated. He explained that the Central Java Provincial Government consistently works to foster investor confidence. "Looking ahead, Central Java is a province that captures hearts, serving as a gateway for investment both domestically and internationally. Our foreign direct investment is nearly 58 percent," he added.
Luthfi stressed the need to boost industrial investment, alongside the agricultural sector which supports food self-sufficiency goals. "We only have 12 industrial areas; I am adding 10 more. I have ordered the regents and mayors to create their own industrial areas," he said. He claimed the provincial government simplifies the development of industrial zones.
Looking ahead, Central Java is a province that captures hearts, serving as a gateway for investment both domestically and internationally. Our foreign direct investment is nearly 58 percent.
"Industrial areas already have a one-kit system. Permitting is easy, land is secured, and customs is a one-stop shop. That is what is attractive and easy for us to do," Luthfi concluded, underscoring the region's commitment to facilitating business growth.
Industrial areas already have a one-kit system. Permitting is easy, land is secured, and customs is a one-stop shop. That is what is attractive and easy for us to do.
Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.