Investment in W Java reaches Rp48 tln in 2011
Bandung, W Java (ANTARA News) - The amount of domestic and foreign investment in West Java in the past one year reached Rp48.75 trillion with 767 projects, an investment official said.
"The realization of investment in West Java rose. Until the third week of December it reached Rp48.75 trillion or 23 percent higher than the target of Rp39.47 trillion," Head of the West Java Provincial Investment Promotion Board (BPPMD) Agus Gustiar said here on Tuesday.
The investment mostly went to the manufacturing sector.
Like in the past years, investment in 2011 was still concentrated in industrial enclaves such as Bekasi, Bandung, Karawang, Bogor and Cirebon, he said.
"Bekasi district ranks first as investment destination with Rp13.2 trillion, or nearly 27.09 percent of the overall investment inflows to the province in 2011," he said.
Trailing behind in second place was Bandung with Rp9.5 trillion, followed by Cirebon Rp7 trillion, Karawang Rp5.3 trillion and Depok Rp4 trillion.(*)