#Infrastructure
Sadai Industrial Estate offers opportunity to develop 3,086ha of land
The Sadai Industrial Estate (KISS) - a IDR6.23 trillion project by the Investment Coordinating Board (BKPM) in 2021 - is awaiting development on its 3,086 hectares (ha) area in South Bangka regency.
Indonesia accelerates, boosts development of new capital in East Kalimantan
The Public Works and Public Housing (PUPR) Ministry is currently constructing the Sepaku ring road as the main access road to Nusantara, Indonesia's new capital, in East Kalimantan. The average physical progress has now reached 77%.
Bangka Belitung builds a 4-star tourism destination center
Bangka Belitung province has been developing a 4-star tourism destination center in Sungai Liat, Bangka regency since 2021 worth IDR307.32 billion from the Investment Coordinating Board (BKPM). The location will have rich natural resources and utilize these resources for the ecotourism project.
Kayan Hydro Energy, Japan's Sumitomo partner on 9,000MW plant in North Kalimantan
The Kayan hydropower plant developer, PT Kayan Hydro Energy (KHE), has secured a cooperation with Japanese Sumitomo Corp. to develop a 9,000MW (megaWatts) hydropower plant, the largest in Southeast Asia.
Developing mangroves for ecotourism in Bunting River
Bangka Belitung province is developing ecotourism in the mangrove area around Bunting River in Belinyu district, Bangka regency. The project was established in 2021 with an investment worth IDR11.78 billion to develop ecotourism in the region.
Bangka Belitung redevelops Pasir Padi Beach
The Investment Coordinating Board (BKPM) invested IDR10.2 billion to beautify the Pasir Padi Beach in Pangkalpinang, Bangka Belitung province, in 2021. The two-kilometer long white sand beach is facing the Natuna Sea.
Bangka Belitung builds a cold storage facility
BKPM recently 2021 established a new project on a cold storage facility in Bangka Belitung. Currently, since 2021 the province boasts a large fishing industry that keeps increasing its production. The cold storage facility which is worth IDR6.81 billion is needed to support the fishermen in a cold storage facility.
Aceh Besar offers Ladong Industrial Center for investment opportunity
The Aceh Besar regency is establishing the Ladong Industrial Center, covering around 66.68 hectares with potential investment of IDR196.41 billion. It is located around 20 kilometers from Aceh capital, Banda Aceh.
North Sumatra offers investment opportunities
North Sumatra is aggressively offering investment opportunities in tourism, highlighting the IDR245.2 billion potential of Lake Toba resort and natural park. The province also offers IDR3.86 trillion investment in economic sector, particularly the aluminum extrusion industry.
Inalum Operating to go public in 2023
Following the splitting off from its holding company MIND ID (Mining Industry Indonesia), PT Indonesia Asahan Aluminium (Inalum) Operating will launch an initial public offering (IPO) in 2023. MIND ID will be a separate legal entity as a strategic holding company while Inalum Operating will resume its role as a full-service operations company.
Indonesia establishes largest sharia financial center in ASEAN despite lack of customers
Indonesia will have the largest Islamic Financial Center in ASEAN with the topping of the Syariah Tower in Pantai Indah Kapuk (PIK) 2 in North Jakarta on August 23, 2022. It is, somehow, contradicts to the fact that majority Muslims in Indonesia still use conventional banking, instead of sharia banking.
The challenges and opportunities of the new capital development in Penajam Paser Utara, East Kalimantan
President Jokowi said that it was time to move the capital because most of Indonesia's population resides in Java. The construction of the new capital, Nusantara, would encourage economic growth outside the island. Jokowi also said many countries were interested in investing in the project, including the United Arab Emirates, Japan, and Saudi Arabia.