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Indonesia eyes Rp 250.7t in investment in industrial estates

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Mon, March 12, 2018 | 12:55 pm
Indonesia eyes Rp 250.7t in investment in industrial estates Industry Minister Airlangga Hartarto (Antara/Wahyu Putro)

The Indonesian government this year has set its sights on Rp 250.7 trillion (US$19.6 billion) in investment in 13 industrial estates — 10 have already been developed and the other three are being completed —, Industry Minister Airlangga Hartarto has said.

“The government will conduct roadshows to inform potential investors so that they understand Indonesia and the [investment] regulations that have already been improved,” said the minister in a statement issued over the weekend.

The newest industrial estate is located in Gresik, East Java, and is called the Java Integrated Industrial Ports and Estate (JIIPE), occupying a 1,761-hectare plot of land.

The estate is equipped with a 400-hectare port area and a 800-hectare residential area. The industrial area is expected to accommodate 183 multi-sector industries with investment expected to reach Rp 83 trillion and to create at least 500,000 new jobs.

“JIIPE is the third generation industrial area to be equipped with sophisticated yet integrated infrastructure and superstructures such as ports and to be managed in an environmentally friendly way,” said Airlangga. 

The other industrial estates are located in Morowali in Central Sulawesi; Sei Mangke in North Sumatra; Bantaeng in South Sulawesi; Kendal in Central Java, Wilmar Serang in Banten; Dumai in Riau; Konawe in Southeast Sulawesi; Palu in Central Sulawesi, Bitung in North Sulawesi; Ketapang in West Kalimantan; Lhokseumawe in Aceh, and Tanjung Buton in Riau.

He said those industrial estates were established to reduce the economic gap, particularly between Java and outside Java; to create jobs and to facilitate investors to develop their businesses in the country. (roi/bbn)  

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