The investment constituted domestic investment, valued at Rp4.29 trillion; foreign investment, worth Rp0.14 trillion; and non-facilities, reaching Rp32.46 trillion, Chief of the Investment Promotion and Development Section of the DPM-PTPS Agus Setyoko noted in Surabaya on Thursday.
"Non-facilities remain the dominant contributor to the achievement," he remarked.
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Non-facilities refer to local investors including start-ups; micro-, small-, and medium-scale businesses; and other home industries. However, digital start-ups constitute the largest share of the local economy.
"It turns out that digital economy is quite a defining trending. Transactions at malls are made digitally. Looking ahead, we will attempt to enter this type of business and study thoroughly the digital economy," he stated.
To aid in improving the trend of investment in Surabaya, the local government has eased all licensing procedures, including those for start-ups, with the objective of drawing more domestic and foreign investment, he stated.
Chief Executive Officer of Agenda Kota. Syamsul Qomar and his colleagues affirmed that the licensing procedures helped them in obtaining permits.
"We are assisted extensively by the existing licensing procedure at Siola," he emphasized.
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Translator: Abdul Hakim/Suharto
Editor: Rahmad Nasution
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