JAKARTA: Indonesia through its PT Kawasan Industri Terpadu Batang (KITB) launched on Friday (Dec 13) new commercial and residential zones at the 4,300-hectare Batang Industrial Area (pic) in Central Java province, opening business opportunities for investors.
"The commercial and residential zones provide opportunities for investors to invest in various sectors such as hotels, educational zones, premium outlets, gas stations, golf courses, and premium residential areas," said Ngurah Wirawan, general director of KITB, in a press statement.
He said that KITB aims to develop a modern and sustainable commercial centre integrated with the residential area, generating new job opportunities for the local community.
"We want to make KITB an investment magnet, a place where opportunities meet potential," Wirawan said.
Over the past four years, KITB has sold 339 hectares of the total industrial park area, securing an investment value of 18.7 trillion rupiah (around US$1.16 billion). Tenants come from various countries such as China, Chile, and Japan, in addition to domestic investors from Indonesia, he added.
"We are committed to providing the best facilities and ensuring ease of investment. We want KITB to become a premier industrial area in South-East Asia," he said. - Xinhua
