Chinese-funded engineering firms formally set up in Indonesia's industrial zones

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China Chengda Engineering Co., Ltd., a Chinese-funded engineering company, signed a cooperation agreement with PT Krakatau Sarana Properti (KSP), a subsidiary of Indonesian steel company KRAS, to formally move into the Krakatau Industrial Zone.

Under the agreement, KSP will provide the company with the Krakatau Industrial Zone 1 campus of theOne warehouse rental serviceas well as18 townhouses and 40 dormitory unitsLease term two years. The facilities will be used to support the company's project operations team accommodation needs in the industrial area.

The KSP president said the move wasStrategic steps to strengthen business relations and support local investment and industrial activities. The operations manager of the Chinese company appreciated the cooperation, saying that the facility will beEffectively guarantee the smooth progress of the projectThe

The KRAS president noted that the partnership was made possible throughCreating a more integrated and efficient industrial environmentIt directly supports the core operations of the Krakatau Steel Group, in line with the Group'sStrategies to promote sustainable growth. As a real estate management company under KRAS Infrastructure Holdings.KSP aims to make Krakatau Industrial Zone a major investment destination in IndonesiaThe

# Chinese Capital Express