On Thursday (1/8), the Deputy Head of Representative of Bank Indonesia of North Sumatra Province also welcomed the "Visit of the Singapore Ambassador to Indonesia and the Singapore Senior Management Program Delegation" at the North Sumatra Governor's Office. This visit aims to inform about economic growth and opportunities in North Sumatra to synergize with Singapore and support stronger relations between Singapore and Indonesia.

The activity was opened directly by Pj. Governor of North Sumatra who focused on conveying the advantages of North Sumatra from various perspectives. Massive infrastructure development such as toll roads and road improvements, the availability of integrated connectivity such as railways that are directly connected to Kualanamu international airport, to the potential for beautiful and canalized natural tourism such as Lake Toba, Bukit Lawang, and Tangkahan. A number of prospective investment projects also continue to be promoted by North Sumatra through North Sumatra Invest (NSI) including the Toba Caldera Resort project, Sei Mangkei SEZ, Kuala Tanjung Industrial Estate, Medan Industrial Estate, Airport City, Sport Center, and Medan-Binjai-Deli Serdang (Mebidang) Bus Rapid Transit.

North Sumatra's potential is strengthened by strong economic conditions. North Sumatra's economic development grew positively in Q1 2024 by 4.88% and experienced deflation in June 2024 by 0.33% (mtm) with strong household consumption and export-import activities. Therefore, the Representative Office of Bank Indonesia of North Sumatra Province and the entire Government of North Sumatra Province welcome today's meeting in order to establish harmonious bilateral cooperation between North Sumatra and Singapore.