ASIATODAY.ID, SINGAPORE – The Secretariat General of the National Council for Special Economic Zones, in collaboration with the Coordinating Ministry for Economic Affairs and the Indonesian Embassy in Singapore, held the “Indonesia SEZ Business Forum 2023” at the Westin Hotel Singapore, Wednesday, 29 November 2023.
The business forum activities were carried out as a step to accelerate investment growth in Special Economic Zones and to reach potential international investors.
The choice of Singapore as the location for the activity was due to the strategic role of the neighboring country as the center of economic growth in Southeast Asia with a very extensive trade network, digital economy and infrastructure.
Acting Secretary General of the National Council for Special Economic Zones, Susiwijono Moegiarso, stated the breadth of investment opportunities offered by Indonesia.
“Indonesia has a lot to offer investors. “We have the advantage of an economic trifecta, strong economic growth, large population and demographic bonus period, as well as abundant resources,” he said, quoted in a press release, Thursday, November 30 2023.
The series of activities of the Indonesia SEZ Business Forum 2023 consists of two discussion sessions, namely “Investment Opportunities in Indonesia Manufacturing SEZ” in session 1 and “Unlocking the Benefits for Digital Industry in Indonesian SEZ” in session 2, represented by speakers from the Chair and Deputy Chairman of the Implementation Team of the National Council for Special Economic Zones, Deputy for Economic Affairs of the Cabinet Secretariat, Digital Economy Expert Staff, Investment Consultant, and also the Main Directors of the Development and Management Business Entities (BUPP) of the Nongsa Special Economic Zone, Singhasari Special Economic Zone, and Special Economic Zone Kendal.
The event was attended by various parties who have the potential to invest in Special Economic Zones, including the Singapore Economic Development Board (EDB), Sembcorp Industries Ltd, Singtel, Enterprise Singapore, and investors in various industrial sectors (GDS Data Center, PDG, IBM, Microsoft , Airbus, Infineon, Kydon Holdings, Millet Holdings, Timbre Group, Doughwit) and various companies that will invest in the Special Economic Zone.
Indonesian Ambassador to Singapore Suryo Pratomo expressed optimism for investment competitiveness in Indonesia.
“Indonesia’s strong economic growth will continue to attract more business and investment to Indonesia, especially the manufacturing industry and digital economy,” he continued.
Giving testimony during its operation as a Special Economic Zone, the Main Director of BUPP PT Kawasan Industri Kendal, Stanley Ang, revealed the role of the National Council for Special Economic Zones which has been maximally helpful in the entire business process in the Kendal Special Economic Zone.
“The National Council for Special Economic Zones has played an extraordinary role in the implementation and implementation of Special Economic Zones, so that the Kendal Special Economic Zone can continue to facilitate business actors in it, one of which is getting tax holiday incentives,” he said.
Deputy for Economics at the Cabinet Secretariat, Satya Bhakti Parikesit, closed session 1 with an invitation to invest in Special Economic Zones.
“Indonesia is growing and continues to reform and simplify the bureaucracy. We create an investment-friendly business climate. Investors, please come and see for yourself in Indonesia.”
Session 2 began with a presentation by the Chair of the National Special Economic Zones Implementation Team, Wahyu Utomo, who explained the 20 Special Economic Zones in Indonesia as National Strategic Projects which are the Government’s top priority.
Meanwhile, the Digital Economy Expert Staff explained the huge potential and opportunities for investment in the digital economy sector in Indonesia, especially in Special Economic Zones.
Mike Wiluan as Managing Director of the BUPP Nongsa Digital Park Special Economic Zone delivered an update on the development of the Nongsa Special Economic Zone, especially the digital economy and data center, accompanied by Nongsa Senior Director Marco Bardelli who explained the importance of digital talent.
Main Director of BUPP Singhasari Special Economic Zone David Santoso also provided updates on the Singhasari Special Economic Zone, especially in the education, digital and creative economy sectors.
Signing of MoU with 4 Singaporean Companies
To continue to encourage the development of the first Educational and Digital Special Economic Zone in Indonesia, this was realized by signing three Memorandums of Understanding (MoU) between PT Intelegensia Grahatama as the Development and Management Body (BUPP) of the Singhasari Special Economic Zone and Singaporean companies.
“The signing of three MoUs between the Singhasari Special Economic Zone and several companies in Singapore is a concrete manifestation of the enormous investment opportunities in Special Economic Zones, especially in the fields of manufacturing, digital economy and education,” said Acting Secretary General of the National Council for Special Economic Zones, Susiwijono. Moegiarso.
Additionally, the signing of the first MoU between BUPP Singhasari Special Economic Zone and Kydon Holdings for the development of EduTech, was represented by Janice Chang. Edu Tech is a solution to achieve equality and expansion of access to education.
Furthermore, the signing of an MoU for partnership development with Doughwitt, related to fund management and investment activities in the technology and non-technology sectors. The next MoU is a collaboration between the Singhasari Special Economic Zone and Millet Holdings Pte. Ltd., and Timbre Group Pte. Ltd., for community empowerment through creation, marketing and joint investment in Indonesia.
Indonesian Ambassador to Singapore Suryo Pratomo also said that the cooperation between Indonesia and Singapore would bring together the interests of the two countries.
“I believe that today’s MOU signing ceremony marks the start of your projects and investments in Special Economic Zones, but there are still many follow-up actions that need to be carried out in the near future,” he concluded. (AT Network)
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