West Java Governor Ridwal Kamil. Photo: Special
JAKARTA (TheInsiderStories) – West Java Government will established four special economic zones (SEZs) in this year, said the Governor yesterday (01/30). The SEZs will take place in Sukabumi, Pangandaran, Subang and Majalengka.
Governor of West Java Ridwan Kamil said, the investment to build the SEZs need costs around Rp 80 trillion (US$ 5.67 billion). Beside use regional expenditure budget, West Java Government needs supporting from public investors including foreign investors.

“Some investors come to us, from United States of America and South Korea,” he said in Jakarta.

Kamil added, by establishing the SEZs, he hoped it can solve logistic problems in West Java. It will be also able to attract other foreign investors to invest in West Java.

He expect, many foreign investors will come to West Java followed the regional government program. To that, he said, the governor’ office will offer tax incentives and government supports to build the the SEZs.

So far, Kamil claimed West Java as the most popular destination for foreign investors. It can be seen from the investment achievement in West Java that reached Rp 116.9 trillion in 2018.

“West Java is in the first place of the most popular destination in Indonesia, second is the Jakarta, third is Central Java and the next is Banten,” he explained.

There are some reasons to make West Java is in the first place, said Kamil. One of them is massive of infrastructure developments. Also, the location of West Java that close to the capital of Indonesia.

US$1: Rp 14,100

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