PT Surya Semesta Internusa Tbk (IDX: SSIA) will launches an industrial areas in Subang, West Java, in the fourth quarter of 2020 - Photo by the Company

JAKARTA (TheInsiderStories) – The property developer, PT Surya Semesta Internusa Tbk (IDX: SSIA) will launches an industrial areas in Subang, West Java, in the fourth quarter of 2020, said the company on Thursday (09/17). The land would be offered for the foreign companies than wants to relocate their factories to Indonesia.

 One of foreign companies has relocated their factory to Subang was PT Meiloon Technology Indonesia from Suzhou, China. According to the management, beside  China, number of companies from Japan and South Korea also expressed their interest to entering the industrial zones.

This areas has a total land of ​​2,000 hectares and have been marketed since mid-2020. To support the industrial zones, Surya Semesta plans to build toll access between the areas joined with state-owned toll road builder, PT Jasa Marga Tbk (IDX: JSMR).

In 2019, the publicly listed firm has disbursed loans of Rp1.4 trillion (US$94.59 million) to the unit, PT Suryacipta Swadaya. to build the industrial zones in Subang. Previously, International Finance Corporation (IFC), signed a $100 million loan package for the art of the industrial estate.

Surya Semesta’ president director, Johannes Suriadjaja, believed that this first investment by IFC in the company will created greater opportunities in the future. The city will be the first industrial estate to promote IFC’ green buildings standards, with tenants aiming to achieve at least 20 percent savings in energy, water, and materials compared to other similar developments.

The company formerly known as PT Multi Investments Limited and established on June 15, 1971. The company then transformed into PT Surya Semesta Internusa in 1995. The company’ main business is industrial estate and real estate development, construction, and hospitality.

Surya Semesta‘ diversified investment portfolio includes Suryacipta City of Industri, SLP Karawang, Graha Surya Internusa, Gran Melia Jakarta Hotel, Melia Bali Hotel, Banyan Tree Ungasan Resort Bali and Batiqa Hotels. The issuer listed its share in the local bourse and become a listed company on March 27, 1997.

Recently, President Joko Widodo has said, there are 119 factories relocates their factories from China to Indonesia. 17 of them, he added, have a big commitment to relocates their factories to ​​Batang Industrial Zones in Central Java. While, based on National Investment Coordinating Board data, currently there are 143 companies that have plans to relocates their plants to Indonesia, including the United States (US), Taiwan, South Korea, Japan, Hong Kong, and China.

US$1=Rp14,800

Written by Editorial Staff, Email: theinsiderstories@gmail.com