Surabaya is Interested Place to Invest: Economist

Surabaya, E Java (Antara) - As the second largest Indonesian metropolitan city with a positive trend of economic growth, Surabaya is an interested place to invest, an economist said. "Investment confidence index is highly dependent on the economic growth of a region. As Surabaya has a positive trend of economic growth, the city of heroes is a promising place to invest," Rudi Purwono of Airlangga University (Unair) said in a press conference at the office of the Surabaya city government recently. A lot of progress achieved in the development of infrastructure facilities has confirmed Surabaya as a service and trade city, he said. Because of the progress the East Java provincial capital sits atop the list of 100 business cities according to the SWA magazine, he said. According to SWA, five indicators determine whether a city is investment friendly, namely regional gross domestic product, local original income, supporting facilities, retail business and market and annual investment, he said. He said there are many sub-indicators to declare an investment friendly city, including the local people's purchasing power, economic structure and inflation rate. "The factors can not be ruled out because they have a great impact on economic growth," he said. (*)