JAKARTA (Vietnam News/ANN): Indonesian President Prabowo Subianto has inaugurated a special economic zone (SEZ) in Batang regency, Central Java province, representing a major milestone in the nation's industrialisation drive.
The 4,300-ha zone, also known as the Batang Integrated Industrial Area, is Indonesia's largest state-owned SEZ and a key component of the "Two Countries, Twin Parks" initiative between Indonesia and China.
At the inauguration ceremony on March 20, President Prabowo expressed his hope the new SEZ could be Indonesia's Shenzhen, noting that the SEZ aligns with the country's vision of catching up with its neighbours by developing modern industrial estates capable of attracting major investments and generating employment.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said he was confident that "the synergy between Indonesia and China will further strengthen strategic industrial sectors and attract greater investment". - Vietnam News/ANN
