Kendal Industrial Park, a Singapore-Indonesia joint venture, draws US$1.7bil in investments


An artist's impression of Kendal Industrial Park, inaugurated in November 2016. - KENDAL

SINGAPORE (The Straits Times/Asia News Network): The Kendal Industrial Park in Indonesia, which opened less than six years ago, has since attracted 72 committed tenants with investments valued at US$1.7 billion (S$2.3 billion), said Minister for National Development Desmond Lee.

It was inaugurated in November 2016 by Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong.

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