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