Indonesia launches two new special economic zones
Indonesia has launched two new special economic zones (SEZs) in Banten and Batam, aimed at strengthening Indonesia's education and healthcare sectors.
A special economic zone in Batam, Indonesia. Photo courtesy of Antara.
The International Education, Technology and Health SEZ in Tangerang, Banten, and the International Health Tourism SEZ in Batam are in operation, expected to make a significant impact on the Indonesian economy, create job opportunities, and attract investments.
The Banten SEZ covers 59.68 hectares with a target investment of 18.8 trillion rupiah ($1.2 billion); aims to create 13,446 jobs, and will feature international education facilities, including Monash University, while focusing on digital technology and integrated healthcare services.
The International Health Tourism SEZ in Batam aims to attract 6.91 trillion rupiah in investments and create over 105,000 jobs by developing international-standard healthcare services and enhancing medical tourism, set to be operational by 2026.
With the addition of these two SEZs, the total number established by the president has risen to 24, with eight more currently in the process of designation.
The existing 22 SEZs have recorded investments totaling 205.2 trillion rupiah and have generated employment for 132,227 people.
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