Indonesia's Coordinating Ministry for Economic Affairs has driven the signing of two strategic memorandums of understanding with China, focusing on strengthening industrial and supply chain cooperation and the implementation of the Two-Country Twin-Park project. This cooperation was reached during the Chinese Premier's visit to Indonesia. The key parks include the Batang Integrated Industrial Estate: covering approximately 500 hectares, aiming to become the "Indonesian version of Shenzhen" by drawing on the Shenzhen industrial zone development model. The Bintan Industrial Estate: located in the Riau Islands, planned to benchmark against Fujian Province's industrial zones for industrial synergy. A third unnamed park completes the total of three industrial zones included in the cooperation framework. This project is expected to attract foreign investment, with initial development investment in the Batang park estimated at $300 million, with investments in other parks still in progress; create job opportunities, directly boosting Indonesia's economic growth; strengthen supply chain connectivity between the two countries, enhancing Indonesia's participation in the global industrial chain; and promote Indonesia's industrial modernization and industrial cluster development through technology and experience transfer from China. The Coordinating Minister for Economic Affairs stated that the government will continue to monitor project implementation to ensure the cooperation brings long-term benefits to both countries, especially in enhancing industrial competitiveness and regional economic integration.
Indonesia's Coordinating Ministry for Economic Affairs has driven the signing of two strategic memorandums of understanding with China, focusing on strengthening industrial and supply chain cooperation and the implementation of the Two-Country Twin-Park project. This cooperation was reached during the Chinese Premier's visit to Indonesia. The key parks include the Batang Integrated Industrial Estate: covering approximately 500 hectares, aiming to become the "Indonesian version of Shenzhen" by drawing on the Shenzhen industrial zone development model. The Bintan Industrial Estate: located in the Riau Islands, planned to benchmark against Fujian Province's industrial zones for industrial synergy. A third unnamed park completes the total of three industrial zones included in the cooperation framework. This project is expected to attract foreign investment, with initial development investment in the Batang park estimated at $300 million, with investments in other parks still in progress; create job opportunities, directly boosting Indonesia's economic growth; strengthen supply chain connectivity between the two countries, enhancing Indonesia's participation in the global industrial chain; and promote Indonesia's industrial modernization and industrial cluster development through technology and experience transfer from China. The Coordinating Minister for Economic Affairs stated that the government will continue to monitor project implementation to ensure the cooperation brings long-term benefits to both countries, especially in enhancing industrial competitiveness and regional economic integration.