Medan, N Sumatra (ANTARA) - Foreign investment in North Sumatra climbed to Rp5.219 trillion in the first quarter of 2020 from Rp1.197 trillion a year ago, fueled by a surge in investment in the electricity, gas, and clean water sectors.

Foreign investment in the electricity, gas, and clean water sectors reached Rp4.992 trillion, acting chief of the North Sumatra Provincial Investment and Integrated One-Stop Licensing Service, Arief S Trinugroho, said here on Wednesday.

They were followed by the food industry, which attracted investments worth Rp90.09 billion, service industry (Rp35.855 billion), plantation industry (Rp42.686 billion), and housing industry (Rp28.704 billion), he added.

The first-quarter foreign investment was dominated by Singapore, which pumped in Rp5.138 trillion, followed by Luxemburg (Rp34.97 billion) and Belgium (Rp10.087 billion), he said.

The province has set itself the target of attracting Rp46 trillion in investments for this year.

"Hopefully, foreign investment in North Sumatra will continue to increase until the end of this year so the investment target of Rp46 trillion could be achieved," Trinugroho stated.

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Translator: Evalisa SiregarSuharto
Editor: Rahmad Nasution
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