Industry: Industry Region: Indonesia Transaction Price: Not Disclosed Transaction Method: Equity Investment
Introduction: National industrial development zone, about 80 kilometers from Medan, and about 100 kilometers from Medan, together with the Kuala Danrong port area, is included in Indonesia's 2010-2025 national economic construction master plan, for an important part of the Sumatra Economic Corridor, North Sumatra Province key development and construction projects, of which the Kuala Danrong port area to be built is suitable for the construction of large-scale port conditions, after completion will become the western Indonesia international shipping center port, connected with the Mong Industrial Park as a whole, focusing on the development of palm oil in North Sumatra Province, Rubber upstream and downstream industry, to build a regional important cash crop production, processing, logistics and export center. The Munk Industrial Park will also attract domestic and foreign investment in chemical, clean energy, biopharmaceutical, organic fertilizer, feed, papermaking, wood processing and other industries, and provide enterprises with various conveniences to set up industrial enterprises in the industrial park.
Details: Since Jokowi became Indonesian President in October 2014, he has proposed a development plan to focus on the construction of 13 industrial parks nationwide from 2015 to 2019, of which the Sei Mangkei Industrial Park in Simalungun Regency, North Sumatra Province is Indonesia's priority industrial park in the west. During his visit to the industrial park on January 27, 2015, Jokowi expressed the hope that the industrial park would complete infrastructure construction within two years and attract more investors.
In May 2011, the previous Indonesian government issued the "Master Plan for Accelerating and Expanding Economic Development", which listed Sungai Mangke Industrial Park as a national industrial development zone, planning to focus on the development of downstream processing industries such as palm oil and food, rubber and products, washing raw materials, cosmetics, pharmaceuticals and biodiesel, while attracting investment in fine chemicals, clean energy, organic fertilizer, feed and other industries at home and abroad, and connecting with the proposed Kuala Tanjung port to create a future regional important cash crop production. Processing, logistics and export centers.
Prepared and developed by Indonesia's state-owned Third Plantation Company, covering an area of 1,934 hectares, it is currently carrying out infrastructure construction such as roads and electricity in the administrative area and partial land acquisition work for the industrial zone, with an initial cost of about 420 million US dollars, and is scheduled to be completed in 2016, after which it will be expanded. Sungai Mongk Industrial Park is located about 144 km east of Medan, North Sumatra Province, and about 40 km from the proposed Kuala Tanjung port area. There is already a regular road between the two places, and a railway of about 21 kilometers is being built between the two places, which will connect the port of Kuala Tanjung with the Sungai Mongk Industrial Zone.