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View all search resultsRI, China ink $2.2 billion in deals for 16 investment projects: Airlangga
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Coordinating Economy Minister Airlangga Hartarto, along with ministers of the Red and White Cabinet, conducts a meeting on Oct. 22 about the Acceleration of Strategic Government Programs Task Force (Satgas P2SP) at the coordinating minister’s office in Central Jakarta. (Coordinating Ministry for Economic Affairs/- )
T
he government has secured investment commitments from China for 16 projects valued at a total of Rp 36.4 trillion (US$2.2 billion) under a memorandum of understanding (MoU) linked to the “Two Countries, Two Parks” initiative.
Coordinating Economy Minister Airlangga Hartarto announced on Thursday that the agreement was finalized during a meeting with a Chinese Communist Party representative from the city of Fuzhou on Wednesday.
"During the meeting, an MoU was issued for 16 projects. These 16 projects are related to the Twin Countries, Two Parks program. The total investment for the 16 projects is Rp 36.4 trillion," Airlangga said at the State Palace in Jakarta, as reported by Kumparan.
The project portfolio spans heavy industries, agriculture and trade.
Key initiatives include establishing a 1-million-tonne steel plant, a food processing facility for meat and marine products and a specialized textile research and development center.
The project also ventures into coal, nickel-iron (Fe-Ni) trade, textile raw materials and plantations.
Read also: Chinese businesses to invest in Central Java, says Chinese ambassador
