North Sumatra Investment Book

B BANK INDONESIA BANK SENTRAL REPUBLIK INDONESIA NORTH SUMATRA AT A GLANCE NORTH SUMATRA is one of Indonesian economic proponent with economic growth above national's historically and frequently. With GRDP per capita of IDR 63.19 million/person in 2022, North Sumatra was adequate to be the economic driving force outside Java region. The total population of North Sumatra is the fourth largest in Indonesia and still growing. Eight tribes and various religious beliefs in North Sumatra live in harmony, spread in 25 regencies and 8 cities in an area of 182,414.25 km² build North Sumatra has humongous opportunity to be developed. Renowned for its' fertile soil, North Sumatra become one of the Indonesian central producer of agricultural commodities such as crops and horticultural. Rice production of 2.13 million ton in 2022 propelled North Sumatra to become a rice granary in Sumatra Island. This productivity reflects to land area of CPO, rubber, and coffee in North Sumatra. While, CPO land area is about 442.07 thousand Ha with productivity as much 1.64 million ton, rubber is about 369.42 thousand Ha with productivity as much 310.03 thousand ton, and coffee which specialty arabica coffee is about 77.9 thousand Ha with productivity as much 67.6 thousand ton. Besides that, North Sumatra as one of the marine provinces in Indonesia has a big chance to expand the fishery production. In 2021, North Sumatra produced a volume of marine captured fisheries of 424,876 ton with a volume value of IDR 12,51 billion. It's a huge advantage what North Sumatra has and really possible to grow up as a potential investment. Another superior potential of North Sumatra is the tourism sector. In abundance of vast natural resources and the existence of world's largest volcanic lake, the Lake Toba. North Sumatra offers indisputable tourism experience. It's getting more compliments because the Lake Toba has designated as the Global Geopark by UNESCO in 2020. Moreover, directly adjacent with Malacca Strait has enacted North Sumatra as the center of trade and connectivity in western part of Indonesia. Such potentials are encouraged by central and regional governments to promote existing infrastructure in North Sumatra. Reciprocally, the governments have several priority investments projects in infrastructure, industry, tourism, and transportation sectors to support sustainable economic growth through investment. North Sumatra Investment Book 17

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