Realization of Domestic Investment in Batam Exceeds The Target

TRIBUNBATAM.id - The realization of investation from domestic investment (PMDN) exceeded the target.

Realization of investment until November 2019, is already above IDR 3 trillion, although the target is at IDR 2.5 billion.

"In November 2019, IDR 3 trillion was invested in domestic investment. Lots in the property sector.

In 2020, domestic investment targets are also IDR 2.5 trillion as well," said Batam Head of Investment and One Stop Integrated Services (PTSP) Office, Firmansyah.

He hopes that the realization of investment on 2020 is expected to increase.

At the end of 2019, there already be three investors who will realize the investment in 2020.

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More investment is in the property and services sector.

He said, they was very optimistic about the realization of PMDN investment.

Because stretching growth is increasingly visible.

"The property sector alone has made 6 presentations. Like companies that will build properties in front of DC Mall.

Then, Marina, Cemara and several other places," he said.

He admitted that property development in Batam has increased.

Where, it encourages vertical housing built. Like an apartment.

"Like in Marina City, it is more the concept of vertical housing. Cemara (Batam Center) too. If it is in front of DC Mall, it is combined. They have presented," he said.

He added that while there was not much labor absorption.