Indonesia started building a new industrial zone on part of its Borneo island on December 21. The industrial zone will focus on factories that produce semiconductors, lithium-ion batteries, solar panels and aluminum products, and will use new hydropower plants. The electricity generated was reported by local media.
Located in Burgan County, North Kalimantan Province, Borneo, the estate is an extension of an existing industrial park. It currently covers an area of more than 16,400 hectares and the goal is to expand to 30,000 hectares. Indonesian President Joko Widodo stated at the groundbreaking ceremony that the expansion will include investments from China and the United Arab Emirates.
“Indonesia’s economic transformation starts here, and we will manage natural resources from upstream to downstream to create a large number of jobs,” Widodo said.
Jokowi is keen to build a manufacturing industry to take advantage of Indonesia’s abundant natural resources, such as nickel, bauxite and copper, to enable the country to move up the value chain instead of just exporting raw materials.
Green industrial parks are expected to become the main driving force for job creation. Its construction alone requires at least 100,000 workers. Widodo said that once it operates, the estate can create jobs for more than 200,000 workers. This will be one-fifth of the total population of North Kalimantan.
Kalimantan improves infrastructure and increases industrial facilities
The move to build the manor is also part of the improvement of infrastructure and industrial facilities in the five provinces of Borneo, Indonesia, of which East Kalimantan will become the establishment of the new capital of Indonesia.
North Kalimantan is the smallest and youngest province in Malaysia. It borders the Malaysian states of Sabah and Sarawak. Its economy is mainly based on mining, agriculture, fisheries and forestry. It will be based on more extensive diversification and improvement. Benefit from the facility.
US$12 billion for new hydropower stations
Regarding the new industrial zone, the government stated that it will be “green” because it will only use hydroelectric power. At the event, Luhut Pandjaitan, Minister of Maritime Affairs and Investment Coordination, stated that hydropower projects alone require investment of up to 12 billion U.S. dollars, and the planned new port requires nearly 1 billion U.S. dollars of investment.
The minister said that interested investors include Australia’s Fortescue Metals Group and China’s Tsingshan Holdings Group, which may invest billions of dollars in industrial parks.
Indonesia started building a new industrial zone on part of its Borneo island on December 21. The industrial zone will focus on factories that produce semiconductors, lithium-ion batteries, solar panels and aluminum products, and will use new hydropower plants. The electricity generated was reported by local media. Located in Burgan County, North Kalimantan Province, Borneo, the estate is an extension of an existing industrial park. It currently covers an area of more than 16,400 hectares and the goal is to expand to 30,000 hectares. Indonesian President Joko Widodo stated that the expansion will include investments from China and the United Arab Emirates. …
Indonesia started building a new industrial zone on part of its Borneo island on December 21. The industrial zone will focus on factories that produce semiconductors, lithium-ion batteries, solar panels and aluminum products, and will use new hydropower plants. The electricity generated was reported by local media.
Located in Burgan County, North Kalimantan Province, Borneo, the estate is an extension of an existing industrial park. It currently covers an area of more than 16,400 hectares and the goal is to expand to 30,000 hectares. Indonesian President Joko Widodo stated at the groundbreaking ceremony that the expansion will include investments from China and the United Arab Emirates.
“Indonesia’s economic transformation starts here, and we will manage natural resources from upstream to downstream to create a large number of jobs,” Widodo said.
Jokowi is keen to build a manufacturing industry to take advantage of Indonesia’s abundant natural resources, such as nickel, bauxite and copper, to enable the country to move up the value chain instead of just exporting raw materials.
Green industrial parks are expected to become the main driving force for job creation. Its construction alone requires at least 100,000 workers. Widodo said that once it operates, the estate can create jobs for more than 200,000 workers. This will be one-fifth of the total population of North Kalimantan.
Kalimantan improves infrastructure and increases industrial facilities
The move to build the manor is also part of the improvement of infrastructure and industrial facilities in the five provinces of Borneo, Indonesia, of which East Kalimantan will become the establishment of the new capital of Indonesia.
North Kalimantan is the smallest and youngest province in Malaysia. It borders the Malaysian states of Sabah and Sarawak. Its economy is mainly based on mining, agriculture, fisheries and forestry. It will be based on more extensive diversification and improvement. Benefit from the facility.
US$12 billion for new hydropower stations
Regarding the new industrial zone, the government stated that it will be “green” because it will only use hydroelectric power. At the event, Luhut Pandjaitan, Minister of Maritime Affairs and Investment Coordination, stated that hydropower projects alone require investment of up to 12 billion U.S. dollars, and the planned new port requires nearly 1 billion U.S. dollars of investment.
The minister said that interested investors include Australia’s Fortescue Metals Group and China’s Tsingshan Holdings Group, which may invest billions of dollars in industrial parks.
