nDevelopment of Kendal Industrial Park Absorb Investment Up to Rp 200 Trillion

INDUSTRY.co.id - The construction of Kendal industrial park (KIK) has a positive effect on investment growth in Indonesia and is targeted to absorb up to Rp200 trillion investment and 500,000 workers.

"The investment value of KIK development in the first phase is estimated to reach Rp 7 trillion with a total area of ​​860 hectares and will be completed in the next five years," said Minister of Industry, Airlangga Hartarto in Jakarta, Tuesday (15/11).

According to Airlangga, KIK development is planned for three phases with a total area of ​​2,700 hectares to be an integrated Industrial Park supported by the development of industrial zones, ports, Fashion City, and settlements.

"KIK is also driven as an export-oriented labor-intensive Industrial Park. Within one year, there are 20 investors investing in KIK with a total investment of Rp 4.3 trillion and will employ 4,000 employees, one investor from Singapore who has been operating in KIK since August 2016 is PT. Tat Wai Industries, "said Airlangga.

Airlangga added that the KIK project, which began eight years ago, was initiated and planned by the Ministry of Industry with the Provincial and Kendal Provinces as an effort to accelerate the spread and distribution of national industries and economies.

"This is also in accordance with the direction of Mr. President Joko Widodo to realize Indonesia's development centric," he added.