Speaking at the Indonesia SEZ Business Forum 2023 on Thursday (30/11/23), acting secretary general of the National SEZ Council, Susiwijono Moegiarso, said that his side is promoting SEZs in Singapore to accelerate investment growth in SEZs and reach potential international investors, according to reporting from Antara News.
“Indonesia has a lot to offer investors. We have the advantages of the economic trifecta, namely strong economic growth, large population, and the demographic bonus, as well as abundant resources,” said Moegiarso.
The 2023 Indonesia SEZ Business Forum comprised two discussion sessions; the first was on “Investment Opportunities in Indonesia’s Manufacturing SEZ” and the second on “Unlocking the Benefit for Digital Industry in Indonesian SEZs.”
The event was attended by potential investors, including representatives from the Singapore Economic Development Board (EDB), Sembcorp Industries Ltd, Singtel, and Enterprise Singapore. Indonesian Ambassador to Singapore, Suryo Pratomo, expressed his optimism regarding Indonesia’s investment competitiveness. According to him, Indonesia’s strong economic growth will attract more investors, especially to SEZs, say Antara News.
“Indonesia’s strong economic growth will continue to attract more businesses and investments, especially the manufacturing industry and digital economy,” he said.
Antara News report that three Memorandums of Understanding (MoUs) were signed to support the development of Education and Digital SEZs in Indonesia.
The first MoU was between PT Intelegensia Grahatama, the development and management agency (BUPP) of Singhasari SEZ, and Kydon Holdings for the development of EduTech.
The second MoU sought to establish a partnership with Doughwitt in managing funding and investment activities in the technology and non-technology sectors.
The third MoU pertained to collaboration between Singhasari SEZ and Millet Holdings Pte. Ltd., and Timbre Group Pte. Ltd., for community empowerment through creation, marketing, and investment in Indonesia.
Source: Antara News
Stock photo by Fauzan on Unsplash
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