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Taiwan Will Build Industrial Zone in Jakarta

  • Posted on March 3, 2017 at 11:56 am

Some Taiwanese companies will build industrial park in Jakarta, Indonesia. The industrial zone will be the foundation for a number of Taiwanese companies to enter the Indonesian market.
On Saturday, July 27, 2013, China Steel Structur Co.. who is based in Kaohsiung has signed an agreement with Universal Acquire Advantage Land Development (AUA) to work together in developing and building industrial zones in the capital of Taiwan.
Industrial zone is planned to be developed on an area of ​​216 hectares and is expected to attract 120 companies with an annual production value of U.S. $ 30 billion. Government of Indonesia, according to Focus Taiwan, has given tariff reduction for industrial machinery sector, textiles, and agricultural production equipment.
AUA Chairman Hsu Chuan-jen said industrial zone is expected to develop into a row of Taiwan factory, so the language barrier is not compromised. Asian Development Outlook 2013 published Asian Development Bank (ADB) said Indonesia’s economic growth will increase to 6.4 percent this year. The increase was supported by strong domestic consumption and investment increased performance.