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.
Minister inaugurates KEK Palu
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Coordinating Economic Minister Darmin Nasution (right) and Central Sulawesi Governor Longki Djanggola talk to each other while heading to the the special economic zone in Palu, Central Sulawesi, on Sept. 29. (Antara/ Basri Marzuki)
Coordinating Economic Minister Darmin Nasution inaugurated on Wednesday a special economic zone (KEK) in Palu, Central Sulawesi.
He praised the accelerated development of KEK Palu.
“There should have been [a KEK in] Mandalika, West Nusa Tenggara, before Palu. But Palu was more ready,” he said.
He said KEK Palu managed to attract more investors due to its prime location.
The accelerated inauguration of KEK Palu was based on research conducted by the National Council for Special Economic Zones (DN KEK).
Read also: Ten companies to invest in KEK PaluThe council concluded that KEK Palu was better prepared to launch operations as it had already received investments.
“Palu has done remarkable things [to attract investors]. We need to appreciate this,” said Darmin, adding that out of 11 KEKs, only two others were ready to be inaugurated, namely KEK Seimangkei in North Sumatra and KEK Tanjung Lesung in Banten.
Some of the investors in KEK Palu include coal mining firm PT STM Tunggal Jaya, which has invested Rp 7.2 trillion (US$531.37 million), PT Hong Thai International (Rp 13.74 billion), PT Triwihaso Pilar Sukses (Rp 2.6 billion), PT Wira Sukses Cemerlang (Rp 8.5 billion), PT Panca Sentosa Investama (Rp 2.67 billion) and PT Asbuton Jaya Abadi (Rp 100 billion). (bbn)
