Special Economic Zone in Serangan Launched

Local newswires, including InvestIndonesia, Kontan and BeritaSatu are reporting on the latest developments in a new Special Economic Zone (SEZ) called Kura-Kura Bali (KKB) in Serangan, which is projected to generate an investment of IDR 104.4-trillion, engage nearly 100,000 workers and earn around IDR 477-trillion in foreign exchange by 2052 according to Coordinating Minister for Economic Affairs Airlangga Hartarto, who hopes this economic area will complement the recently launched health economic zone in Sanur.

In the first five years, the government is targeting IDR 4.6-trillion in foreign exchange, say Kontan.

KEK Kura-Kura Bali will develop international class luxury tourism activities which include the Integrated Marina Area, center for excellence for education and tech park, and lifestyle wellness center. Located on Serangan Island, near Sanur, KKB was recently approved at the SEZ National Council Session and will have approximately 498-hectares at its disposal, say BeritaSatu.

Airlangga hopes, in the first five years it is predicted to attract IDR 12-trillion and create around 5,000-jobs. “This economic area is expected to complement the health economic area in Sanur, Bali,” he added.

Airlangga explained, the Province of Bali has two SEZs, namely in the Sanur area and on Serangan Island which will not only be able to support health but also the tourism industry, report BeritaSatu.

“Of course I hope that with these two SEZs, Bali’s economy will be more (sustainable). The Bali regional government has also made plans related to Bali’s development so there are alternative economic activities.

He added that an international scale university would be built in the KKB, which would be projected as a research and development center for industry and tourism.

He said the target of IDR 104-trillion for 30-years was not from the company itself. “That’s all from all the investors we invite to enter,” he concluded.

Source: Kontan, BeritaSatuImage:

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