The 4,300-ha zone, also known as the Batang Integrated Industrial Area, is Indonesia's largest state-owned SEZ and a key component of the "Two Countries, Twin Parks" initiative between Indonesia and China.
Indonesia will continue to encourage special economic zones (SEZs) to expand and compete with those in Malaysia and Singapore, Coordinating Minister for Economic Affairs Airlangga Hartarto said on September 29.
The Ministry of Construction has green-lighted Kien Giang province’s proposal to suspend the master plan to develop Phu Quoc Island into a special administrative-economic zone (SEZ).
