Prabowo to Inaugurate Batang Special Economic Zone
Jakarta. President Prabowo Subianto is set to visit Central Java on Thursday to inaugurate the Batang Special Economic Zone and inspect a joint project with China.
Press Secretary Yusuf Permana said the new economic zone in Batang Regency is expected to attract significant foreign investment and generate thousands of new jobs.
“The government aims to secure a total investment of Rp 75.8 trillion ($4.6 billion) and create 58,145 new jobs in the Batang Special Economic Zone over the next five years,” Yusuf said in a statement.
The economic zone will focus on manufacturing, logistics, and distribution sectors.
During his visit, the president will also review the progress of the Two Countries Twin Parks project, a collaboration with China’s Fujian Province, which has invested Rp 16 trillion in the initiative.
Since its establishment last year, the Batang industrial area has already generated over 7,000 jobs for local residents. Several multinational companies have begun operations in the zone, including South Korea’s KCC Glass, Taiwan’s Yihquan Footwear, and the United States’ SEG Solar.
Additionally, an international port is currently under construction in the area and is expected to become operational next year.
Tags: Keywords:
as a preferred
Related Articles
Unilever to Build New Production Facility in Sei Mangkei SEZ
Unilever will begin building a new production facility at Sei Mangkei SEZ in August as part of its global value chain strategy.
Turkish Firm Invests $130 Million in Sei Mangkei SEZ
Turkey's Evyap has opened a $130 million palm-based chemicals plant in Indonesia's Sei Mangkei Special Economic Zone.
South Korea’s Simone Invests $24.7 Million in Batang SEZ Factory
South Korea’s Simone will invest Rp 429 billion in a new export-oriented leather goods factory in Batang, creating 6,000 jobs.
Indonesia's Belitung Resumes International Flights, Boosts Forex
Its reopening marks a new chapter in the development of the Tanjung Kelayang Special Economic Zone (SEZ).
Indonesia Picks Bali for International Financial Center
Indonesia is planning to build an international financial center to attract investors.
Special Economic Zones Attract 77% More Investment Than Other Regions
Indonesia’s Special Economic Zones attract up to 77% more investment and create more jobs than regions without SEZ status, a study shows.The Latest
Court Hears of $5,000 Fee for Expedited Hajj Slots in 2023
A former Religious Affairs Ministry staffer testified that 181 pilgrims paid $5,000 each for expedited hajj departures in 2023.
Five Journalists Reported Missing While Covering Anak Krakatau Eruption
Five journalists and two boat crew members are missing after losing contact while covering the Anak Krakatau eruption off Banten.
Trump Tariffs Cripple EU Firms’ Confidence in ASEAN
As many as 81% of the surveyed European businesses admit that the US tariffs had weakened their confidence in ASEAN.
Rupiah Strengthens to Rp17,632 on Reserve Boost
The rupiah rose 0.05% to Rp17,632 as higher foreign exchange reserves offset geopolitical risks and US inflation concerns.
Stocks Climb 1% as Indonesia’s Reserves, Airport Operations Recover
Indonesian stocks rose 1% as stronger foreign reserves and airport reopenings lifted domestic market sentiment.Most Popular
