China plans to build industrial zones in eastern Indonesia

The Chinese government is planning to spread its business in Indonesia by constructing several industrial zones in the eastern parts of the country.

Industry Minister MS Hidayat said on Monday that the governments of Indonesia and China had discussed China’s plans to build economic zones in eastern regions such as Sulawesi.

“The Chinese government plans to build 5,000-hectare industrial zones in three or four locations in eastern Indonesia,” he said in his year-end press conference in Jakarta.

According to Hidayat, the Indonesian government is expected to sign a memorandum of understanding for the plan with newly installed Chinese Prime Minister Li Keqiang, who will officially replace current Premier Wen Jiabao in March next year.

Hidayat said the scheme was in line with the boosting investment in the eastern parts of the country.-The Jakarta Post (December 17, 2012 9:38PM)