West Java Most Popular Among Foreign Investors in Q1 2021
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West Java was the most attractive province for foreign investment in the first quarter of 2021. Based on records from the Central Statistics Agency (BPS), foreign direct investment (FDI) realization in West Java reached 3,083 projects worth US$1.4 billion in the first three months of this year.
Jakarta followed in second place with FDI realization reaching 2,843 projects worth US$1 billion. Meanwhile, East Java was next with 1,023 projects valued at US$483.2 million.
The large realization of foreign investment in West Java in Q1 2021 is due to the province receiving the largest share from the five main contributing sectors of FDI. These five sectors include the motor vehicle and other transportation equipment industry; food and beverage industry; transportation, warehousing, and telecommunications; mining; and the non-ferrous base metal manufacturing industry.
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"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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