manufacturing webinar - tpsa€¦ · market demand •in 2016, total market demand for food &...

Manufacturing Webinar November 8th , 2016

Dr. Henry Loewendahl, CEO WAVTEQ

Mr. Scott Bryan, Executive Director Client Services, ROI [email protected]

[email protected]

Indonesia Investment Coordinating Board

Contents

• Introduction 3• Chemicals sector 8• Industrial machinery sector 15• Indonesia’s competitiveness 23• About BKPM 34• Appendix 1: BKPM investor support 39• Appendix 2: FDI regulations 46


Introduction


About Indonesia

Indonesia’s GDP will increase by over 150% to $2.2 trillion by 2025 –close to Canada’s

Indonesia has the 4th

largest population in the world (261 million as of August 2016)

Indonesia is one of the fastest growing economies in the world in the world (>5% p.a. 2012-16)

Access to the $2.5 trillion ASEAN market with a population of 620 million


Canadian investment in Indonesia

invested by Canadian firms

in Indonesia

of Canadian investors in Indonesia are

planning to re-invest in Indonesia

(WAVTEQ, June 2016 survey)

of Canadian investors in Indonesia would recommend other

Canadian companies to invest in Indonesia

(WAVTEQ, June 2016 survey)

Renewables was the sector with the best opportunities for FDI into Indonesia according to Canadian investors.


Why invest in the manufacturing sector?

Size of workforce

15+ million employment in the

manufacturing sector in 2015

#1 in Asia for industry

41.3%Indonesia’ proportion of GDP in industry is higher than rest of

ASEAN and overtook China in 2015

Track record

$59 billionManufacturing FDI in

Indonesia 2011-15

$

Growth in manufacturing

7%average annual growth

forecast 2016-2020


Growth of manufacturing1. Indonesia’s manufacturing sector is growing rapidly, with growth

set to reach nearly 9% per annum in 2019

2. Growth in manufacturing is faster than overall GDP growth, and Indonesia is becoming a hub for manufacturing investment

Indonesia’s manufacturing and GDP growth and forecasts, % change (2011-2019)

Source: WAVTEQ based on Indonesian Ministry of Industry, Facts and Figures 2015

7.5 7.0

5.5 5.6 6.16.9 7.4

8.1 8.6

6.2 6.0 5.6 5.05.8

6.6 7.1 7.5 8.0

0

2

4

6

8

10

2011 2012 2013 2014 2015 2016 2017 2018 2019

Total manufacturinggrowth


Chemicals sector


Why invest in the chemicals sector?

Growth in chemicals

7.6%average annual growth of

the chemicals sector

Track record

$12 billionChemicals related FDI in

Indonesia 2011-15

$

Agricultural chemicals has been the 3rd largest

sector for chemicals FDI into Indonesia (2011-15)


Agricultural fertilisers and chemicals

Market demand• In 2016, total market demand for food & beverages in Indonesia is

expected to reach nearly US$230 billion and is projected to reach around US$330 billion by 2020.

• According to the EIU, the value of the food demand is expected to grow at a compound average growth rate of 10% per annum between 2016 and 2020.

Agricultural area• Indonesia’s total agricultural area is 54 million hectares. The area is

still steadily expanding, with an annual average growth rate of nearly 12% between 2001 and 2011.

The expansion of agricultural land and production is directly increasing the demand for agricultural fertilisers

and chemicals.


Growth of fertilizer production in Indonesia

• From 2011 to 2015, production increased by 10.34%, reaching over 11.5 million tonnes of nutrients in 2015.

Fertilizer production, by million tonnes of nutrients, 2011-2015

Source: Indonesian Association of Fertilizer Producers (APPI) http://www.appi.or.id/?statistic

10559

11905

11368 1126311651

9500

10000

10500

11000

11500

12000

12500

2011 2012 2013 2014 2015

http://www.appi.or.id/?statistic


Key growth segments in fertilizer production

Fertilizer production by type as a proportion of total production, Indonesia, 2011-2015

1. Urea is the major segment, accounting for just under 60% of production in 2015

2. The share of organic has doubled to 6.3% of total production in 2015 vs. 2011

3. The share of NPK has also increased from 21% to 25.8% in 2015

Source: Indonesian Association of Fertilizer Producers (APPI) http://www.appi.or.id/?statistic

NPK25.8%

Organic6.4%

ZK (K2SO4)

0.1%Fosfat/SP-36

2.4%ZA/AS6.0%

Urea59.4%

2015

NPK21.0%

Organic3.2%

ZK (K2SO4)0.0%Fosfat/SP-36

4.2%

ZA/AS7.7%

Urea63.9%

2011

http://www.appi.or.id/?statistic


Track record in attracting FDI

FDI flows into Indonesia in the chemicals sector (2010-15), US$m

Source: Based on BKPM data

1. Indonesia had attracted $11.7 billion of FDI in the chemicals sector since 2011 with almost $2 billion of FDI in 2015 (Source: BKPM)

1467

2770

3142

2323

1956

00

500

1,000

1,500

2,000

2,500

3,000

3,500

2011 2012 2013 2014 2015


FDI Track Record – case studies

Elevance Renewable Sciences, a US-based chemical company has opened a bio-feedstocks plant in Gresik, Indonesia. The investment is a joint venture project with Wilmar International, an agribusiness group based in Indonesia. The plant initially will operate using palm oil, but also can run on soybean, mustard or other bio-feeds.

Sorini Agro Asia Corporindo, a chemicals company and a subsidiary of US-based Cargill, is investing $46 million to establish a new starch sweetener plant in Cikande, Indonesia with capacity of 100,000 tonnes per year


Industrial machinery &

equipment sector


Why invest in machinery & equipment?

Track record

$13 billionmachinery &

equipment related foreign direct investment in

Indonesia 2011-15

$Rapid growth

8%+ growth p.a.


Growth of industrial machinery & equipment1. The sector is rapidly growing, with manufacturing of machinery

& equipment growing by 8.80% in 2014

2. The # companies in the sector has nearly tripled from 2009-2016

No. companies in industrial machinery, equipment & tools, 2009-2016

Source:fDi Intelligence from the Financial Times Limited

990

15831938

22642451 2523 2609 2696

0

500

1000

1500

2000

2500

3000

2009 2010 2011 2012 2013 2014 2015 2016


Key sources of demandIn 2014, one-third of Indonesia’s GDP was in agri-business, construction and mining, generating very strong demand for machinery & equipment

Source: WAVTEQ based on Indonesian Ministry of Industry, Facts and Figures 2015

Agriculture, Forestry, and

Fishing13% Construction

10%

Mining and Quarrying

10%

Transportation and Storage

4%Electricity and Gas Supply

1%

Other 62%

Sector contribution to GDP, (%), 2014


Key opportunities – energy & miningEnergyThe Electricity Supply Business Plan (RUPTL) indicates at least 80.5 GW of power plants will need to be constructed by 2025, with around 50 GW coming from Independent Power Producers (IPPs). Very strong focus on renewable energy

MiningOne of the world’s largest producers of tin, nickel, ignite, copper & coal. More than half of total demand for heavy equipment in Indonesia comes from the mining sector. More than half of total demand for heavy equipment in Indonesia comes from the mining sector. Sales of construction & mining equipment could rise up to 5000 units in 2016


Key opportunities – agri & constructionAgricultureTotal market demand for food & is expected to reach nearly $230 billion in 2016 and $330billion by 2020 – 10% growth per annum. Dairy products and fisheries are two key growth areas, with some products (like yogurt) growing by nearly 20% p.a.

ConstructionIndonesia’s construction sector is growing 7-8% per year. There is a backlog of some 15 million residential units. International tourism receipts are forecast by EIU to grow from $9.5 billion in 2015 to $13.7 billion in 2020. Around $14 billion of investment is needed for tourism development. Some 50 locations in Indonesia are available for tourism development. There has been over $8 billon of FDI in Indonesia’s construction sector from 2011-15


Track record in attracting FDI

1773

2453

3327

2472

3092

00

500

1,000

1,500

2,000

2,500

3,000

3,500

2011 2012 2013 2014 2015

FDI flows into Indonesia in the Machinery, Metals and Electronics (2010-15), US$ million

Source: Based on BKPM data

Indonesia had attracted over $13 billion of FDI into the sector since 2011 with over $3 billion of FDI in 2015


FDI Track Record – case studies


Indonesia’s competitive

position


Size of market

0

500

1000

1500

2000

2500

Indonesia

Philippines

Thailand

Malaysia

Vietnam

Singapore

Indonesia’s GDP 2025 forecast:• Increase >150% to $2.2 trillion• Larger than India’s in 2015• Nearly same size as Canada’s ($2.6 tn)• GDP/capita: $3370 (2015) to $7840

GDP 2011-2025, US$ billion (EIU forecasts)

Indonesia’s middle-income is nearly 70 million households (41% of ASEAN). High-income households = 25% p.a. growth


Size of population

6

31

69

92

101

255

7

36

70

103

128

308

0 50 100 150 200 250 300 350

Singapore

Malaysia

Thailand

Vietnam

Philippines

Indonesia

Population projection (mid-2030, Millions) Population (2015, Millions)

Source: fDi Benchmark (IMF and Population Reference Bureau World Population Data Sheet)

Population by country, 2015-2030

Indonesia’s population is the 4th largest in the world and will increase to over

300 million people


Skilled workforce

Source: fDi Benchmark (Global Competitiveness Report, World Economic Forum, Switzerland, 2015-16 )

Availability of Scientists and Engineers – out of 7 (2015)

3.9

4.0

4.2

4.3

4.5

4.6

3.4 3.6 3.8 4 4.2 4.4 4.6

Vietnam

Philippines

India

Thailand

China

Indonesia


Available workforceUnemployment rate, 2015-2020

3.6%

6.0%

4.1%

3.2%

2.4%

2.0%

0.8%

5.9%

8.4%

6.0%

4.0%

2.9%

2.9%

1.9%

0.8%

6.3%

0% 2% 4% 6% 8% 10%

India

Philippines

China

Malaysia

Vietnam

Singapore

Thailand

Indonesia

Forecast Unemployment Rate in 2020 (%) Unemployment Ratein 2015 (%)

Source: fDi Benchmark (Economist Intelligence Unit March 2016 & International Monetary Fund 2016)

Indonesia’s has the least tight labour force in ASEAN


Low taxes

Total Tax Rate (% profit) in 2015

61%

68%

43%

40%

39%

28%

30%

0% 10% 20% 30% 40% 50% 60% 70% 80%

India

China

Philippines

Malaysia

Vietnam

Thailand

Indonesia

Source: fDi Benchmark (World Bank Doing Business 2016)

Indonesia’s has low effective tax rates


Average monthly wages

Average monthly wages, USD, 2011-2020

Source: EIU

0.00

100.00

200.00

300.00

400.00

500.00

600.00

700.00

800.00

2011 2012 2013 2014 2015 2016 2017 2018 2019

Indonesia

Malaysia

Philippines

Thailand

Vietnam

Indonesia is very cost effective - the average monthly wage is $161 and is forecast to be the lowest in ASEAN


Labour costs for production positionsLabour costs by country for production positions, USD, 2015*

$10,277

$807

$7,672

$6,938

$5,562

$4,963

$5,748

$8,301

$5,156

$5,294

$4,807

$4,938

$4,422

$4,493

$5,814

$3,465

$2,947

$1,424

$2,273

$2,297

$2,490

$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

China

Malaysia

Thailand

India

Philippines

Vietnam

Indonesia

Production Operative (Unskilled) Production Operative (Skilled)

Production Operative (Highly Skilled)

Source: fDi Benchmark. Note: Singapore labour costs are $13,323 for unskilled, $26,086 for skilled, and $32,907 for highly skilled). *Includes wages and statutory social insurance costs paid by employer

Indonesia’s has highly competitive

labour costs


Labour costs for engineering positions

Labour costs by country for an engineer, USD, 2015*

Source: fDi Benchmark

Indonesia’s has highly competitive

labour costs

57537

24030

15893

15840

15552

13801

12000

11029

0 10000 20000 30000 40000 50000 60000 70000

Singapore

China

India

Malaysia

Thailand

Indonesia

Philippines

Vietnam


InnovationTotal of Patent applications, non-residents (foreign investors) (2014)

3255

3960

6267

6924

9009

7321

0 2000 4000 6000 8000 10000

Philippines

Vietnam

Malaysia

Thailand

Singapore

Indonesia

Source: fDi Benchmark (World Bank World Development Indicators)


Low cost of living

Cost of Living Index, 2015*

Source: fDi Benchmark *Rating 0-10 (0=lowest cost of living; 10=highest cost of living) (2014)

5.7

3.28

2.22

2.14

1.86

1.82

1.4

1.79

0 2 4 6

Singapore

China

Malaysia

Thailand

Philippines

Vietnam

India

Indonesia


About BKPM and support services

for investors

The Indonesia Investment Coordinating Board (BKPM) 35

BKPM The Indonesia Investment Coordinating Board

As the primary interface between business and government, BKPM is

mandated to boost domestic and foreign direct investment through creating a conducive investment climate.

BKPM was restored to Ministerial status in 2009, and reporting directly to the President of the Republic of Indonesia.

This investment promotion agency’s goal is not only to seek more domestic and foreign investment, but

also to seek quality investments that improve

social inequality and reduce unemployment.

The agency works as a proactive advocate for investments as well as a matchmaker for investors.

Who we are

ABOUT BKPM


About BKPM

What We Offer to Investors? Simplification of business start up and licensing procedures, including

the “one-stop shop” (PTSP) licensing provision at BKPM, 60% reduction of application forms (from 38 to 15 forms).

Establishing an Investor Relation Unit at BKPM for information, facilitation and queries handling from existing and potential investors.

Rolling-out of Electronic Information Services and Investment Licensing (SPIPISE) in 105 PTSP throughout Indonesia.

Helping contain various obstacles and giving consultation on problems investors face in the conduct of investments.

Facilitating foreign workers permit.

Launching of investment tracking system and followed by its

implementation in other Ministries and Regional Governments.

Our services for investors

One-Stop Service

(PTSP) at BKPM

One place

22 ministries integrated

3-hourService

DirectConstruction

90%Regional PTSP formed. 61% regional PTSP

implement e-licensing.

Industry, power, oil & gas, tourismat one place

All sectors

162 permits are delegated

to BKPM One-Stop Integrated Services

Improvement of Investment Service

The Investment Coordinating Board of the Republic of Indonesia

38

Badan Koordinasi Penanaman Modal (BKPM)


Jl. Jenderal Gatot Subroto No. 44Jakarta 12190 - Indonesia

t . +62 21 525 2008

f . +62 21 525 4945

e . [email protected]

www.bkpm.go.id

Indonesia Investment Promotion Centre (IIPC)

Thank You


Appendix 1: BKPM support services for

foreign investors (detailed)

The Indonesia Investment Coordinating Board (BKPM)

40

BKPM

• Arrive at One-stop Integrated Service at BKPM directly from the airport.

• Consult with Director of Investment Service.

• Submit the required documents & data.

8 permits obtained + 1

Wait at the lounge while documents are processed by BKPM, in-house notary, ministries, & other government institutions.

Obtain eight documents & letter of land availability within three hours to start your business.

Certainty to work• RPTKA / Employment plan• IMTA / Working permit

Certainty to start a business• Investment license• Certificate of incorporation• NPWP / Tax registration• TDP / Company registration

Certainty to import capital goods• APIP / Import identification• NIK / Customs registration

Accurate land Information• Letter of land availability

Investment Service Reforms

3-hour Service (I23J)Available for investors with minimum (new

or expansion project) investment of IDR 100 billion (USD 8 million) and/or employing

1,000 local workers.

Or supplier of the existing manufacturing company with minimum investment of IDR

100 billion (USD 8 million) and/or employing 1,000 local workers.

No requirements for investment in infrastructure sector.

Source: Chairman BKPM Reg. No. 6/2015 on Priciple License

The Indonesia Investment Coordinating Board (BKPM)

41

3-hour Investment Licensing Service for Infrastructure

No Minimum investment or workers requirement

Currently there are three sectors is eligible and one

documents can be obtained with

three-hour service.

Investment Priority Service

Ministry of Energy and Mineral Resources (MEMR) Regulation No. 15 of 2016 regarding three-hour license service in Energy and Mineral Resources. Sectors/license that is available:• Geothermal sector (IPB),• Electricity producer (IUPTL-S),• Electricity transmission sector (IUPTL-S),• Temporary downstream oil and gas business licenses.


42

Direct Construction (KLIK)No Requirements

•No minimum investments or workers is required.

•Available for selected industrial parks. •Construction permits can be obtained in parallel with construction process.

Investors can directly start their project construction before obtaining construction permits. This service is

supported by both Central and Regional Governments.

Obtain investment licence at One-stop Integrated Service (PTSP) at national or regional level.

• Survey a land within selected 14 industrial parks (in North Sumatera, Banten, West Java, Central Java, East Java and South Sulawesi).

• Acquire the land for your industry.

• Start the construction of your project. No other permits are required.

• Apply for building construction permit/IMB & environmental permit, and other regional licenses in parallel with construction process.

Priority Investment Service


43


44

No Industrial Estate Sell Price USD/M2

Lease Price USD/M2

Total Area(ha)

Available Area (ha)

1 Java Integrated Industrial and Port Estate 150 7.5/year 2,993.27 1,761.4

2 Kendal Industrial Park 110 3.5/month 2,700 860

3 Bukit Semarang Baru Industrial Estate 193 - 115 40

4 Wijayakusuma Industrial Estate 115 2.4 – 3.1/month 250 100

5 Karawang Industrial City (KIIC) Negotiable Negotiable 1,470 293

6 Bekasi Fajar Industrial Estate 269 5.76/month 1.500 300

7 Delta Silicon 8 Industrial Park 223 - 230 158

8 GT Tech Park at Karawang Industrial Park 170 – 220 - 400 100

9 Suryacipta City of Industry 170 7.25/month 1.400 100

10 Krakatau Industrial Estate Cilegon 150 - 200 3.5 – 4/month 1,152 563

11 Modern Cikande Industrial Estate 152 - 3,175 1,975

12 Wilmar Integrated Industrial Park 150-175 15-20 /year 1.748 800

13 Medan Industrial Estate 144 2.4/month 780 100

14 Bantaeng Industrial Park 4-15 - 3.000 3.000

Industrial Estate with KLIK Facilities (data may change anytime , exclude 10% VAT)


Import Facility for Capital Goods

Acceleration and certainty in custom clearance processFaster & Certain•Capital goods do not require screening.•Cutting the processing time from 3-5 days to only 30 minutes.

Simple requirements • Projects under construction • Obliged in reporting quarterly

investment activities (LKPM) • Recommendation from BKPM

CUSTOMS CLEARENCE

Four customs checking status:

•Red lane is for new

companies.Physical & document checks before transported from ports.

•Yellow laneDocument check before goods transported from ports.

•Green laneDocument check after goods transported from ports.

•Main Partner Priority for companies

with proven track record. No checking required.

New Facility:

Status upgrade from red to green lane for new companies under construction

Improvement of Investment Climate


Appendix 2: Foreign

investment regulations


47

Law No25/2007 on InvestmentPresidential Reg. No. 39/2014 on Negative Investment ListChairman BKPM Reg. No.14 & 15/2015 on Investment Licensings


48

I n d o n e s i a I n v e s t m e n t C o o r d i n a t i n g B o a r d

FRAMEWORK FOR INVESTMENT FISCAL INCENTIVES

4

TAX ALLOWANCE

GR No. 9/2016

30 %

Of the investment valueReduction of corporate tax from net profit for 6 years (5% per year)

143

The business sectors are eligible for a tax allowance (14 segments increased from the previous regulations)

An additional period of 1-2 years may be granted under certain requirements, among others: the business is done in an industrial area and / or the bonded area, using local raw materials component min.70%, absorbing Indonesian workers 500/1000 of people, the cost of R and D min.5%, business expansion was financed from profits after tax, min.30% of total export sales.

IMPORT DUTY FACILITY

MoF Reg No. 76/PMK.011/2012

Machinery, goods, materials for the production of 2-year or 4-year tax exemption for companies that use a machine with a local component (min.30%)

IndustryProducing goods and / or services, including:1.Tourism and culture2.Public transport3.Community health services4.Mining5.Construction6.Telecommunication7.Port8.Assembly industry of motor vehicles (including motor vehicle parts industry)

TAX HOLIDAY

Law No. 25/2007, GR No. 94/2010MoF Reg No. 159/PMK.010/2015

5-15~20

YearAmenities tax deductions, commencing from commercial production

10-100%

Reduction of corporate income tax from the amount of corporate income tax payable

Pioneers Industry:1. Metal Industry Upstream2. Petroleum Refining Industry3. Basic Organic Chemical Industry sourced

from Petroleum and Natural Gas4. Machinery Industry that produces industrial

machinery5. Manufacturing is based on Agriculture,

Forestry, and Fisheries6. Telecommunications Information and

Communication Industry7. Marine Transportation Industry8. Manufacturing Are the Primary Industry in

Special Economic Zones9. Infrastructure Economic Cooperation Scheme

Using other than the Government and Enterprises (KPBU)

IDR 1 TrillionMinimum Investment Plan

REGIONAL INCENTIVES

GR No. 45/2008

Local Government can provide local incentives, as follows:

Providing incentives can take the form: 1. Reductions, waivers, or local tax

exemption2. Reduction, relief or exemption

levies3. Funding stimulant4. The provision of capital

Provision of facilities can be:1. Provision of data and

information on investment opportunities

2. Providing facilities and infrastructure

3. The provision of land or location4. Providing technical assistance5. Acceleration in licensing


50

1. Right of Ownership (“Hak Milik”) Certificate; freehold, only applied for Indonesian individuals.

2. Right to Manage (Hak Pengelolaan or “HPL”) Certificate; leasehold, only applied for Indonesian state-owned or regionalgovernment-owned enterprises.

3. Right to Cultivate (Hak Guna Usaha or “HGU”) Certificate; leasehold• Entitled for Indonesian Limited Liability Company (local, foreign, JV) to cultivate, harvest and own agribusiness products on the

purchased land.• Granted for the period of 35 years, can be extended to another 25 years, and renewable to 35 years.

4.Right to Build (Hak Guna Bangunan or ”HGB”) Certificate; leasehold• Entitled for Indonesian Limited Liability Company (local, foreign, JV) to build and own all

buildings and facilities on the purchased land.• Granted for the period of 30 years, can be extended to another 20 years, and renewable to 30

years.

5. Right to Use (“Hak Pakai”) Certificate; leasehold• Entitled for any Indonesian Limited Liability Company (local, foreign, JV), foreign individuals, foreign representative to use land

and own all buildings and facilities on the purchased land for office or house.• Granted for the period of 25 years, can be extended to another 20 years, and renewable to 25 years.

* The land titles are registered at the Regional Land Office (subordinate of the National Land Office, Badan Pertanahan Nasional or“BPN”).** Land transaction must be processed by a Land Deed Official (Pejabat Pembuat Akta Tanah or “PPAT). Most notaries are PPATofficials but PPAT officials need not be notaries. In rural areas, PPAT officials are often local government officials, such as the “camat”(a district head) or the head of the Regional Land Office, who has jurisdiction in the district in which the property is situated.

(Agrarian Law No. 5 1960)

LAND TITLE REGISTRATION


EXISTING SPECIAL ECONOMIC ZONE (SEZ)

5

SeiMangkei- Palm Oil Processing Industry- Rubber Processing Industry- Fertilizer and Miscellaneous Industry- Logistic- Tourism

TanjungApi-Api- Rubber Processing Industry- Oil Processing Industry- Petrochemical Industry

TanjungLesung- Tourism

Mandalika- Tourism

Palu- Manufacture Industry- Agro Based Industry Cacao, Rubber,

Seaweed, Rattan- Manufacturing Nickel, Iron Ore, Gold- Logistic

Bitung- Fisheries Processing Industry- Coconut Based Industrial and Medicinal Plants- Various Industries- Logistic

MaloyBatutaTrans Kalimantan- Palm Oil Industry- Logistic

Morotai- Tourism

- Fisheries Processing Industry- Business and Logistic

Source: Bappenas, 2015

Supporting Infrastructure:- Toll Aceh Lampung (Plan)- Gas and electricity- Port

Supporting Infrastructure:- Road- Electricity- Water and Waste Installation



Supporting Infrastructure:- Road- Electricity- Water and Waste Installation- Marina

Supporting Infrastructure:- Road- Electricity- Water and Waste

Installation




NEW SPECIAL ECONOMIC ZONE (SEZ)

5

TanjungLesung

Mandalika

MaloyBatutaTrans Kalimantan

Palu

Morotai

Bitung

SeiMangkei

Lhokseumawe- Manufacture- Shipyard

TanjungApi-Api

Padang-Pariaman- Agro Based Industry

Cacao, Rubber, palm oil

Tarakan- Manufacture

Industry

BatuLicin- Refinery - Metal Industry

Garombong- Refinery- Logistic- Petrochemical

Taka Bonerate- Tourism based Maritime

Raja Ampat- Tourism based Maritime

Sorong- Fisheries Processing Industry

Merauke- Food and Energy

Indusrty

Existing SEZsPlanned New SEZs

TelukBituni- Fertilizer and

Petrochemical Industry

Source: Bappenas, 2015

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