JAKARTA, Sept. 25 (Xinhua) -- Indonesia will establish six new Special Economic Zones and expand an existing one to boost investment, a minister said on Wednesday.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said in Jakarta that the economic zones were expected to attract up to 72 billion U.S. dollars in investment and open 14 million job opportunities for the local people.
"We are preparing a government regulation to implement the plan. Hopefully the regulation will be completed in the second week of October," Hartarto said.
He mentioned that the six new economic zones were located in Sidoarjo in East Java province, East Kutai in East Kalimantan province, two in Subang in West Java province, Bulungan in North Kalimantan province, and Batang in Central Java province.
These zones will range in size from 480 hectares to over 11,000 hectares. Additionally, the expansion of the existing special economic zone in Nongsa, Riau Islands, will cover 22.43 hectares.
"These new special economic zones are expected to speed up our economic growth even faster in five to 10 years. In total, we will have 29 economic zones spreading across the country," Hartarto said.
