SEZs Bring Investments and Create More Jobs

According to reporting from Jakarta Globe, the development of twenty Special Economic Zones (SEZs) across various regions in Indonesia has attracted investments totaling IDR 177.5-trillion (Approx. USD 11.36-billion) and created job opportunities for 117,492 individuals involving 331-companies in 2023.

“Overall, investments in SEZs have made a positive contribution to the regional and national economy, with a growth trend that has been consistently increasing from 2019 to 2023,” said Susiwijono Moegiarso, the Secretary of the Coordinating Ministry for Economic Affairs and also the Acting Secretary-General of the National SEZ Council, in Jakarta on Thursday (18/1/24.)

Throughout 2023, there was a significant increase, with an additional investment of IDR 66-trillion from the year before, an additional workforce of 57,005 individuals, and a growth in the number of companies/ industries by 89. For 2024, the SEZs are targeting an additional investment of IDR 77.5-trillion and an additional workforce of 38,277 people, say Jakarta Globe.

Last December, the council gave its nod for the creation of three new SEZs; Setangga SEZ, Tanjung Sauh SEZ, and Nipa SEZ.

Jakarta Globe say the Setangga SEZ, covering an area of 668.3-hectares, targets an investment of IDR 67.69-trillion and is proposed by Dua Samudera Perkasa. Positioned in Tanah Bumbu Regency, South Kalimantan, this SEZ is poised to elevate value-added activities in agriculture, forestry, and mining.

Tanjung Sauh SEZ, put forth by Batamraya Sukses Perkasa, pledges an investment of IDR 199.6-trillion and anticipates employing 366,087 individuals by 2053. This SEZ concentrates on advancing the electronic component industry, assembly industry, and heavy industry, as well as the establishment of power plants and solar panels, serving as a pivotal industrial and logistics nexus connecting Batam and Bintan, according to Jakarta Globe, adding that the Nipa SEZ in the Batam region, Riau Islands, envisions a business strategy revolving around cargo trading and bunker trading, with a targeted investment of IDR 16.46-trillion and an envisaged workforce of 40,949 for 50-years

 

Source: Jakarta Globe

Stock photo by PhotoMIX Company on Pexels 

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