Kendal Industrial Estate will be Inaugurated by Two Heads of State

November 14, 2016

PT Kawasan Industri Kendal, a company formed by PT Jababeka Tbk and Sembcorp Development Ltd, will officially be opened by the President of the Republic of Indonesia, Joko Widodo and Singapore Prime Minister, Lee Hsien Loong. The two heads of state are planned to meet at the Peace House Monday morning around 09.00-12.00 WIB, to discuss various cooperation between the two countries, before carrying out its main objective in formalizing the Kendal industrial area. In addition to the President and PM of Singapore, the establishment of the Kendal Industrial Estate will also be attended by 20 ministers from each country. The ministers will later sign economic cooperation in various fields.

PT Jababeka Tbk President Director Budianto Liman said, the inauguration will also be attended by hundreds of entrepreneurs and investors from various companies from several countries. "This area will be inaugurated by the President of the Republic of Indonesia Joko Widodo and Singapore Prime Minister Lee Hsien Loong. This Integrated Area is expected to create 15,000 new jobs with an estimated absorption of investment in the initial phase of Rp 20 trillion. We hope that all of the first phase areas of 860 ha can be completed in the next few years so that they can absorb investment of up to Rp 160 - 200 trillion and create jobs of around 500 thousand, "Budianto Liman told reporters on the sidelines of a press conference preparing for the inauguration of the Kendal Industrial Estate at the official residence of the Governor of Central Java on Sunday (11/13). Budianto is optimistic that the Development of Kendal Park by the Bay Industrial Estate will also be able to accelerate the development of the province of Central Java where currently only 5% of the total industry in Indonesia.

"Through the development of this integrated area, we are optimistic that the total number of Indonesian industries built in Central Java will increase from the current position of 5% to around 10% in the next 5 years. This figure is still far from the realization of Indonesia's total industry of 65% located in the Jakarta and surrounding areas. That is one of our commitments through the development of this integrated area, "said Budianto. Keep in mind, the integrated area nicknamed Park by the Bay will be established on an area of ​​2,700 ha. Kendal Industrial Park, equipped by commercial and commercial residential areas. Currently there are 20 investors who have invested in the Kendal Industrial Estate with a total investment of Rp 4.3 trillion and will absorb as many as 4,000 direct workers. Park by the Bay is designed to be an international standard industrial area with mixed-use development covering industrial and residential and commercial areas that meet increasing demand for competitive manufacturing costs in Indonesia. Located about 21 km west of Semarang, and 20 km from Ahmad Yani International Airport, and 25 km from Tanjung Emas Port.

Park by the Bay in the Kendal Industrial Zone offers the availability of production land with complete infrastructure, including the availability of a competitive skilled workforce with wages for workers who are also more competitive than other regions. "Kendal Industrial Estate provides a complete range of customer support for fast start-up and hassle-free operations, and is equipped with international standard infrastructure that offers land facilities for custom-built factories, factories that are ready to be built, electricity, clean water and water treatment. "waste, executive housing with complete facilities, well-managed workers' dormitories, and others," he concluded. With a promising prospect, supported by the ease of investment and the facilities offered, it is no exaggeration to feel if the Kendal Industrial Estate has now become a new icon for investors to invest in Indonesia, and is called the 'New Heaven' Investment in Indonesia.