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Jakarta Post

What you need to know about Batang industrial zone development

  • Dzulfiqar Fathur Rahman

    The Jakarta Post

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Jakarta   /   Fri, July 17, 2020   /  10:23 am
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President Joko "Jokowi" Widodo goes over the Batang Integrated Industrial Park development plan during his visit to the park in Batang, Central Java, on June 30.(Agus Suparto via Kompas.com/-)

President Joko “Jokowi” Widodo’s administration is developing Batang Integrated Industrial Park in Central Java to get foreign companies to invest in and relocate to Indonesia amid a foreign direct investment (FDI) slump. To develop the industrial zone, the government has established a team comprising the Investment Coordinating Board (BKPM) the State-Owned Enterprises Ministry, the Industry Ministry, the Public Works and Housing Ministry and the Transportation Ministry. State-owned construction company PT Pembangunan Perumahan (PP), state-owned toll road operator PT Jasa Marga and toll road developer PT Waskita Toll Road will also join the team. BKPM investment promotion deputy Ikmal Lukman said on July 7 that the team aimed to complete the park’s development plan this month as the BKPM wanted construction to finish in just six months. Read also: Seve...