Investment in Madiun City surged by more than 200% in 2024, surpassing its target of IDR 195 billion to reach over IDR 498 billion, specifically IDR 498,086,314,746. Key contributors to this significant investment increase include the establishment of hospitals and star-rated hotels. The city's growing healthcare and hospitality sectors have played a crucial role in driving this investment growth.
According to Nuning Udayanah Nurfiati, Coordinator of Investment at DPMPTSP Madiun City, the sectors contributing most to the city's investments include other services, hotels and restaurants, trade and repairs, housing, industrial parks and offices, and the food industry. Notable investments in 2024 included a new Hermina Hospital with an investment value of IDR 180 billion, the largest of the year, and the upcoming Mercure Hotel, with a planned opening in February and an investment of IDR 87 billion. Nuning also highlighted the entry of major investors, such as Hermina Hospital, Darmayu Hospital, Superindo (a foreign investment), and other local businesses. Looking ahead, the investment target for Madiun City in 2025 is set at IDR 198 billion, an increase of IDR 3 billion compared to the previous year. Nuning expressed optimism that this target will be met, with ongoing efforts to ease investment processes and raise awareness among potential investors.
