SEZ Investment Hits Over USD 10-billion in 2023

Speaking at the SEZ National Working Meeting 2023 in Bangka Belitung on Tuesday (12/12/23,) Acting Secretary-General of the National SEZ Council, Susiwijono Moegiarso, announced that the total value of investment realization in Special Economic Zones (SEZs) this year reached IDR 167.2-trillion (approx. USD 10.7-billion), according to reporting from Antara News.

“The 20 SEZs that have been operational have managed to record success and make contribution, as evidenced by the cumulative investment value reaching IDR 167.2 trillion as of the fourth quarter of 2023,” he said.

Moegiarso, who concurrently serves as the ministry’s secretary, highlighted that the SEZs not only drew investment, but also had also helped the government promote downstream processes, produce new business actors, and empower a significant number of workers. In fact, a total of 113,038-new job opportunities have been created this year through SEZs, adding that the zones had continued to deliver various achievements that support Indonesia’s economy, say Antara News.

“The strengthening of the certainty and clarity of policies applicable in SEZs is expected to bolster the quality of investment climate in the zones and rope in more business players, especially those from abroad, to invest their capital in Indonesia,” he said.

In his speech, Moegiarso also stated that the national working meeting serves as a forum that brings together SEZ stakeholders from across Indonesia, including representatives from central and regional governments as well as business actors.

All participants are expected to evaluate performance of SEZs this year and devise working plans aimed at boosting performance of SEZs in 2024, with the goal of stimulating national economic growth, say Antara News.

He then drew attention to the Tanjung Kelayang SEZ, as the host for the meeting, saying that the zone is part of the Belitong UNESCO Global Geopark and is located strategically between Jakarta and Singapore.

The Tanjung Kelayang SEZ had also been successful in hosting the G20 Development Ministerial Meeting last year. Moreover, in the first quarter of 2023, the zone succeeded in hosting two events held under Indonesia’s chairmanship in the Association of Southeast Asian Nations (ASEAN.)

“The SEZ National Working Meeting 2023 in Tanjung Kelayang SEZ is surely providing Indonesia with a crucial momentum to formulate plans dedicated for realizing sustained economic growth while promoting Belitung as a brilliant SEZ representative in the global arena,” Moegiarso concluded.

Source: Antara News

Stock image by Tom Fisk on Pexels

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