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North Sumatra Promotes Sei Mangkei SEZ
WINDONESIA July 19, 2024
KINRA Director V.T. Moses Situmorang receiving the North Sumatra Joint Investment team of consuls-general and consuls from nine countries for the latter's visit to the SEI Mangkei Regency in Simalungun Regency, North Sumatra on June 26, 2024. (Radio Repub
The North Sumatra Provincial Government has offered investment opportunities in the Sei Mangkei Special Economic Zone (SEZ) in Simalungun Regency, North Sumatra to delegates from nine countries. The delegates, comprised of consuls-general and honorary consuls, visited the Sei Mangkei SEZ and the Port of Kuala Tanjung on June 26, 2024.
North Sumatra Province Planning, Research, and Development Agency (Bappelitbang) Head Alfi Syahriza explained that the Sei Mangkei SEZ's main businesses are the palm oil and rubber industries. The area is focused on becoming a large-scale, international quality, downstream palm oil and rubber industrial development center.
"This is where investors from anywhere can invest in downstream processing. Industrial growth in North Sumatra is very rapid. Besides the Sei Mangkei SEZ, there is also the Medan Industrial Estate (KIM)," Alfi said in a press release.
During the visit, several consuls-general asked about the ease and incentives offered by North Sumatra to potential investors. Such inquiries were made by Malaysian Consul-General Shahril Nizam Bin Abdul Malek and Chinese Consul-General Li Hongwei.
North Sumatra Province Investment and One-Stop Integrated Services Agency (DPMPTSP) Faisal Arif Nasution mentioned that North Sumatra has facilitated investment by issuing Regional Regulation No. 3/2023 on the Provision of Incentives and Ease of Investment.
"Hopefully, with this site visit, investment growth in North Sumatra Province will increase, thereby supporting future economic growth," Arif stated.
Kawasan Industri Nusantara (KINRA) Director V.T. Moses Situmorang explained that the Sei Mangkei SEZ has a total area of 1,993.8 hectares. The SEZ is jointly managed by plantation state-owned enterprise (SOE) Perkebunan Nusantara III and KINRA.
"This year, [investments by] seven companies are under construction. Hopefully they will begin operations by 2024, and then three more will join. The investment is expected to be completed by 2031. The sectors dominating the SEI Mangkei SEZ are oleochemicals and crude palm oil refineries," he said.
During the site visit, the investors also visited an ice cream manufacturing industry, where they observed the production and packaging processes firsthand.
Source: www.rri.co.id