Indonesian President Joko Widodo has recently issued a government’s decree on special economic zones (SEZs) in order to draw over 50 billion USD into them in the next decade.
Jakarta (VNA) – Indonesian President Joko Widodohas recently issued a government’s decree on special economic zones (SEZs) inorder to draw over 50 billion USD into them in the next decade.
According to the Cabinet Secretary, the decree is meant tocatch up with legal requirements of the society.
IndonesianCoordinating Minister for Maritime Affairs and Investment Luhut BinsarPanjataian said 12 SEZs in Indonesia are operating. Last year, only 1.5 billionUSD was poured into them, or about 25 percent of the total committed investmentcapital.
The SEZs will focus on processing for exports, logistics,industry, technology, tourism, energy, innovation, education, health care, sports,financial services, and other economic activities regulated by the NationalCouncil for SEZs.
The decree ruled that the council is authorised to consider SEZestablishment projects within a maximum of 45 days before submitting to thePresident for approval.
The Indonesian government has so far set up 17 SEZs, 12 ofthem were put into operation with a total committed investment of about 6.3billion USD as of the end of 2019, attracting nearly 8,700 workers./.
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Illustrative image (Photo: Internet) 
