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.

Tuesday, February 16, 2021 17:49

Indonesia sets up two more special economic zones ảnh 1

A design of the Java Integrated Industrial Ports and Estate (Source: jiipe.com)

Hanoi (VNA) - The Indonesian National Councilfor Special Economic Zones has approved two new special economic zones (SEZs),namely the Lido in West Java and the Java Integrated Industrial Ports andEstate (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 andforeign tourists to 63.4 million people until 2038, and foreign exchangeinflows to around 4.1 billion USD over 20 years.

JIIPE located in Gresik city is projected to be able tobring in around 16.9 billion USD in investment. The SEZ is planned forbusiness development in metal, electronics, chemical, energy and logisticsindustries. The area consist of a 2,933-ha industrial zone, a 400-ha port, a 765-haresidential 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./.

VNA

#Lido #Indonesia #Lido #Java Integrated Industrial Ports and Estate #Airlangga Hartarto #special economic zones #Vietnam News Agency #vietnamplus

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