News

Rp18.7 trillion of investments to Grand Batang City in 2024

PT Kawasan Industri Terpadu Batang (KITB) has successfully attracted 28 companies to build factories in the Grand Batang City integrated industrial area in Batang Regency, Central Java Province by the end of 2024, with a combined investment value reaching Rp18.7 trillion. KITB President Director Ngurah Wirawan stated that the 28 companies are spread across ​​400 hectares (ha) of land that is being developed by KITB in 2024.

"We have opened 400 ha of land this year from a total land area of ​​4,300 ha. Next year we will open another 250 ha of land, and then expand further in multiple stages for the following years," he said at the KITB Editor Circle event on Dec. 15, 2024.

Ngurah said that KITB's land reserves currently reach 3,100 ha, and a total of 1,500 hectares have been utilized.

Joko Widodo, then the incumbent president of Indonesia, inaugurated Grand Batang City as a national strategic project (PSN) on July 26, 2024 through Presidential Regulation (Perpres) No. 106/2022 on Investment Acceleration through the Development of the Batang Integrated Industrial Area in Central Java Province.

The development of Grand Batang City was also accelerated through the construction of several facilities, including land transportation access, electricity, and docks. KITB is still awaiting for President Prabowo Subianto to sign the Government Regulation (PP) which would make Grand Batang City a Special Economic Zone (SEZ) into effect.

"It's like an exam, we have had a trial and passed so we just have to wait for the certificate," he said.

Ngurah said that KITB will later be the only SEZ that works on three sectors at once, namely industrial processes and manufacturing, logistics and transportation, as well as tourism.

The combined realized investments to SEZs last year reached Rp242.5 trillion as of the third quarter (Q3) of 2024 based on National SEZ Council data. Meanwhile, the total number of workers employed in all SEZs as of Q3 2024 reached 151,260 people who are employed by 394 businesses.

Related Articles