The municipal government of Pariaman in Sumatera Barat, Indonesia, has set an ambitious investment target of IDR 61 billion across various sectors for the year 2024. To achieve this goal, the local government, led by Gusniyetti Zaunit, the Head of the One-Stop Integrated Investment and Manpower Service Agency, is taking several strategic steps. These include intensifying the promotion of the region's investment potential, streamlining the permit issuance process, and implementing local regulations that provide incentives for investors. In its effort to attract investments, Pariaman is focusing not only on increasing promotion and easing regulatory processes but also on offering incentives. The local government is committed to providing incentives such as facilitating access to electricity and road asphalting to the business locations based on the scale of the investment. Despite the current dominance of real estate development in Pariaman's investment portfolio, the municipal government is keen on exploring investment opportunities in the tourism sector, aligning with the area's developmental focus.
Gusniyetti Zaunit highlights the significance of boosting investments in Pariaman to enhance the local economy and improve the livelihoods of its residents. The local administration has seen positive results in 2023, with investment realization reaching IDR 52.1 billion, surpassing the initial target of IDR 42 billion. The largest contributions came from the real estate sector at IDR 17.6 billion, followed by tourism at IDR 12.8 billion, construction at IDR 2.1 billion, and trade at IDR 10.9 billion. Moreover, investments were noted in the industrial sector at IDR 4.6 billion, health sector at IDR 3.3 billion, education at IDR 355 million, maritime at IDR 200 million, and other sectors at IDR 125 million. The consistent efforts by the local government to facilitate investment processes and provide incentives underscore its commitment to fostering economic growth in the region. With the 2024 investment target set at IDR 61 billion, Pariaman aims to further elevate its economic development and create a conducive environment for investors.
