Indonesia sets up two more special economic zones
The Indonesian National Council for Special Economic Zones has approved two new special economic zones (SEZs), namely the Lido in West Java and the Java Integrated Industrial Ports and Estate (JIIPE) in East Java.
A design of the Java Integrated Industrial Ports and Estate (Source: jiipe.com)Hanoi (VNA) - The Indonesian National Council for Special Economic Zones has approved two new special economic zones (SEZs), namely the Lido in West Java and the Java Integrated Industrial Ports and Estate (JIIPE) in East Java.
Indonesian coordinating minister for economic affairs Airlangga Hartarto explained, Lido would be a tourism SEZ with a business plan for world-class theme parks, golf courses, retail and dining, accommodation, and creative economy.
Lido, develop by MNC Group, is predicted to boost the number of domestic and foreign tourists to 63.4 million people until 2038, and foreign exchange inflows to around 4.1 billion USD over 20 years.
JIIPE located in Gresik city is projected to be able to bring in around 16.9 billion USD in investment. The SEZ is planned for business development in metal, electronics, chemical, energy and logistics industries. The area consist of a 2,933-ha industrial zone, a 400-ha port, a 765-ha residential estate and a 1,761-ha industrial complex.
Until the end of last year, the country was home to 15 SEZs, resulting in an investment commitment of 70.4 trillion Rp (5.03 billion USD), of which 23.1 trillion Rp were realised./.
You should also see
Semiconductor workforce development a breakthrough: PM
Human resources development in semiconductors should be considered a breakthrough in personnel training, Prime Minister Pham Minh Chinh said at a conference in Hanoi on April 24.
See more
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
World
Cambodia, Laos vow to boost bilateral ties
Cambodia and Laos vowed to boost their bilateral relations and cooperation for mutual benefits during Lao President Thongloun Sisoulith’s State visit to the neighbouring country on April 23-24.
World
Bank Indonesia raises interest rates to highest level in 7 years
Bank Indonesia (BI) on April 24 raised interest rates to their highest level in seven years.
World
Rail connects Vientiane, China's Guizhou province
The Guiyang-Laos tourist train will be launched on 8 May, signifying a pivotal step in boosting tourism and cultural ties between China and Southeast Asia.
