Indonesia to Establish Six New ‌Economic Zones ‍to Boost Investment and Employment

According⁤ to recent reports⁤ from⁣ Jakarta, Indonesia, the ​country is set to establish six new economic zones, which are expected to attract investments of up to ‌$72 billion and create 14 million job opportunities for local residents.

The ⁢new economic zones ⁣will ⁣be located​ in various provinces, including East Java, ‌East ‍Kalimantan, West Java, North Kalimantan,​ and Central ⁤Java. The zones ⁣will vary in size, ranging from 480⁢ hectares to over 11,000 hectares.

In addition⁤ to the new economic zones,⁣ the existing Special Economic​ Zone in Nongsa ‍District, Riau Islands, will be‌ expanded to cover an area of 22.43 hectares. This expansion is ​expected to ​accelerate the ​country’s economic growth over the next 5-10‌ years, with Indonesia aiming to have at‌ least 29 economic zones across the ⁢country.

These economic zones are part of Indonesia’s efforts to stimulate investment and employment, and ⁣are expected to ​play a‍ significant role in the country’s ‌economic development.

Source: Xinhua

Image credit: AFP