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View all search resultsGiven the nature of Indonesia’s archipelagic geography and marine territory, foreign trade and investment is an integral part of the country’s economy. According to ASEAN Briefing, the government has homed in on the development of special economic zones (SEZ) as a priority policy, with an aim to attract over US$50 billion in foreign investment in the next decade.
The plan to develop Algorithm Hill, which its backers hope will be the Indonesian version of Silicon Valley in California, the United States, faces infrastructure challenges despite having secured an investment of Rp 18 trillion.
The government has unveiled a draft presidential regulation, derived from the recently passed Job Creation Law, that offers leeway for foreign investment in tech-based start-ups in special economic zones (SEZs).
The Committee for the Acceleration of Priority Infrastructure Delivery (KPPIP) recently published data showing that at least 30 national strategic projects (PSN) with a total value of Rp 165.3 trillion were completed – and ran smoothly – in 2019.
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