TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Economy in brief: Sabang FTZ development speeds up
The government is striving to speed up the development of the free trade zone (FTZ) in Sabang on Weh Island, Nanggroe Aceh Darussalam province
Change Size
T
he government is striving to speed up the development of the free trade zone (FTZ) in Sabang on Weh Island, Nanggroe Aceh Darussalam province.
Coordinating Maritime Affairs Minister Indroyono Soesilo visited Sabang to meet Mayor Zulkifli Adam on Tuesday to discuss the issue.
During the meeting, the two agreed to accelerate the program to build both the FTZ and a free port in Sabang as part of government efforts to make Indonesia a global maritime axis.
The government has invested Rp 2.8 trillion (US$217.7 million) from 2003 to 2014 in the framework of building infrastructure, ranging from container ports, ferry berths, industrial estates and maritime tourism facilities.
Indroyono promised during the meeting to start inviting investors to do business in Sabang as infrastructure in the area was ready. Other efforts will include inviting more cruise ships to call into port in Sabang.
Other efforts included a presentation to the World Bank for input on strategies on how to attract investors to Sabang, the minister said.
