Indonesia and China recently signed Memorandums of Understanding for 16 projects, with investments reaching IDR 36.4 trillion, involving the "Two Countries, Twin Parks" (TCTP) program. The Coordinating Minister for Economic Affairs stated that the projects will be implemented in the Batang Industropolis Special Economic Zone (KEK Industropolis Batang). The projects cover an annual production of one million tons of steel, meat and seafood processing, nickel-iron trade, and textile R&D.
Also included are cooperation in coal, textile raw materials, tea and jasmine industries, as well as direct sourcing of agricultural products such as coconut and durian. The Batang Industrial Zone covers a total area of 28,886.7 hectares, offering fiscal and non-fiscal incentives, licensing convenience, and three functional zones: industrial processing, logistics distribution, and tourism.
There are currently 27 tenants (7 operational, 7 under construction, 13 in preparation), with cumulative investment reaching IDR 17.95 trillion, coming from countries such as the United States, the Netherlands, South Korea, etc., covering industries including solar panels, glass, medical equipment, etc. The 7 operational tenants have absorbed 7,008 workers, 80% of whom are local labor. The KEK is expected to attract an additional IDR 75.8 trillion in investment, creating 58,145 new jobs, and can absorb 250,000 workers when fully operational.
Indonesia and China recently signed Memorandums of Understanding for 16 projects, with investments reaching IDR 36.4 trillion, involving the "Two Countries, Twin Parks" (TCTP) program. The Coordinating Minister for Economic Affairs stated that the projects will be implemented in the Batang Industropolis Special Economic Zone (KEK Industropolis Batang). The projects cover an annual production of one million tons of steel, meat and seafood processing, nickel-iron trade, and textile R&D.
Also included are cooperation in coal, textile raw materials, tea and jasmine industries, as well as direct sourcing of agricultural products such as coconut and durian. The Batang Industrial Zone covers a total area of 28,886.7 hectares, offering fiscal and non-fiscal incentives, licensing convenience, and three functional zones: industrial processing, logistics distribution, and tourism.
There are currently 27 tenants (7 operational, 7 under construction, 13 in preparation), with cumulative investment reaching IDR 17.95 trillion, coming from countries such as the United States, the Netherlands, South Korea, etc., covering industries including solar panels, glass, medical equipment, etc. The 7 operational tenants have absorbed 7,008 workers, 80% of whom are local labor. The KEK is expected to attract an additional IDR 75.8 trillion in investment, creating 58,145 new jobs, and can absorb 250,000 workers when fully operational.