T

he Tanjung Pinang Free Trade Zone Authority (BPK) has offered an 80-hectare maritime-based industrial zone to foreign investors. The industrial zone will be environmentally friendly by minimizing waste from its industries.

The free trade zone (FTZ) will be launched in August. Tanjung Pinang BPK head Dean Yealta said Thursday that the industrial zone would be aimed at industries involved in maritime resources, such as fisheries and seaweed production.

According to Dean, the central government, through Government Regulation No. 48/2007 on trade zones and the Bintan free port, has also determined Tanjung Pinang city as an FTZ with the concept of an enclave, 1,300 hectares in Dompak and 1,333 hectares in Senggarang.

'€œThe 80-hectare zone is the first industrial zone which will be present in Tanjung Pinang. We expect the area would be able to absorb five foreign investors with an investment value of Rp 5 trillion [US$355] and a workforce of 7,000 people,'€ said Dean.

According to him, the land on which the maritime-based industrial zone will be built is private land that has been entrusted to the Tanjung Pinang BPK to manage as part of privileges for investors who would no longer be pestered about land acquisition.