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Jakarta Post

Unutilized assets in Aceh open for investment

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Mon, February 11 2019   /  03:06 am

The Arun Lhokseumawe Special Economic Zone (SEZ) in Aceh, which houses one of the country’s natural gas facilities, could be the latest example of the use of underutilized assets to boost local economies, said the State Asset Management Agency (LMAN).The SEZ, located more than 250 kilometers to the southeast of provincial capital Banda Aceh, was inaugurated by President Joko “Jokowi” Widodo in December last year. The economic zone was designed to specialize in energy, petrochemicals and the agroindustry, among others.Around half of the 2,600-hectare economic zone was the Arun liquefied natural gas facility, which was formally decommissioned in 2014 due to dwindling natural gas reserves after being in operation for more than 30 years.LMAN director Rahayu Puspasari called on stakeholders to maximize the utilization of state assets in Arun to bring more than financial benefits to the ...