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Indonesia’s Special Economic Zones (KEK) recorded a significant investment inflow in the first quarter of this year, reaching 17.5 trillion rupiahs (around 1.07 billion U.S. dollars), contributing to greater job absorption in Southeast Asia’s largest economy, an official said here on Tuesday.
Acting Secretary General of Indonesia’s National Council for Special Economic Zones, Rizal Edwin Manansang, said that the figure marked an increase compared to the 15.1 trillion rupiahs (925.6 million dollars) recorded during the same period last year.
“The KEK has shown significant progress in attracting investment. Cumulatively, by the end of 2024, the KEK had realized a total investment of 263.4 trillion rupiahs (16.14 billion dollars), created 160,874 jobs, and housed 403 business entities,” Manansang said.
The KEK is designated industrial areas with defined boundaries to carry out economic activities and benefit from special incentives. These zones are designed to attract more investors and support the country’s industrialization agenda.
Indonesia currently has 25 Special Economic Zones. The largest is located in Batang Regency, Central Java, covering 4,300 hectares of land.
Fonte: English News | Foto: Divulgação
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