"President Joko Widodo and Prime Minister Le Hsien Loong will officially inaugurate the industrial complex," Indonesia Foreign Affairs Ministrys Director for East Asia and Pacific Affairs Edi Yusup stated here on Thursday.
Yusup noted in a press briefing at the Foreign Affairs Ministry that the Kendal Park by the Bay was being built by Indonesian company PT Jababeka and Singaporean firm Sembcorp in two phases: a thousand-hectare integrated industrial park completed in 2013 and a 2.7 thousand-hectare industrial complex to be developed by 2020.
The KIP is being built to meet international standards and developed for mixed use as an industrial as well as a residential and commercial area that will meet the rising demand for cost-competitive manufacturing facilities in Indonesia.
The KIP is strategically located some 21 kilometers (km) west of Semarang, the capital of Central Java, 20 km from the Ahmad Yani International Airport, and 25 km to the Tanjung Emas Seaport.
Yusup said the investment to build the KIP has reached Rp3.2 trillion, which was sourced from Japan, Singapore, and Malaysia.
"A total of 16 companies from Japan, Singapore, and Malaysia have joined the KIP," he noted.
The KIP would be developed into an industrial center for developing sectors, such as garment, textile, leather, heavy industry, food processing, and chemical as well as for manufacturing beauty care products and automotive parts and components.
The KIP would also be supported by trained workforce from Central Java, with some 1,184 vocational training institutes to churn out 150 thousand graduates per year and 274 universities and 20 polytechnics to produce 103 thousand graduates per year. (*)