- विज्ञापन -
Jakarta: Indonesia, through PT Kawasan Industri Terpadu Batang (KITB), has introduced new commercial and residential zones within the Batang Industrial Area, a sprawling 4,300-hectare site in Central Java. This initiative aims to attract investors and create diverse business prospects.
Ngurah Wirawan, the general director of KITB, stated in a press release that the new zones offer a range of investment opportunities across various sectors, including hotels, educational facilities, high-end shopping outlets, gas stations, golf courses, and premium residential developments.
He emphasized KITB’s goal to develop a sustainable and modern commercial hub interconnected with residential areas, aiming to generate employment opportunities for the local population. “Our ambition is to position KITB as an investment magnet, where opportunities align with potential,” Wirawan remarked.
Over the past four years, KITB has successfully sold 339 hectares of its total industrial land, attracting investments totaling 18.7 trillion rupiah (approximately 1.16 billion US dollars) from both domestic and international companies, including those from China, Chile, and Japan.
“We are dedicated to offering top-notch facilities and simplifying the investment process to establish KITB as a leading industrial zone in Southeast Asia,” he added.
As part of its second phase expansion, KITB announced a total investment of 3 trillion IDR, allowing foreign investors to purchase land for industrial purposes. Recognized as a National Strategic Project (PSN), the Ministry of Public Works and Housing aims to complete KITB by the end of 2023.
In phase one, which primarily attracted manufacturing companies, 14 tenants invested a total of IDR 6.8 trillion, resulting in an estimated 15,707 jobs. The KITB project represents a new development model that utilizes state-owned land and government resources to facilitate the establishment of investor operations quickly after construction is completed.
