The government continues to strengthen the downstream industry. In the Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera Regency, North Moluccas, some nickel smelters and their supporting facilities, such as a power plant and port, are being built. BKPM Chairman, Bahlil Lahadalia, visited the factory construction on 19 February. Bahlil is optimistic this industrial area will be one of the best in Indonesia, even in the ASEAN region.
“BKPM will continue to oversee the completion of the IWIP Area and facilitate incoming investment plans. If investors face any problems, we will solve them. One message that I will
emphasize to the managers of the IWIP Area. Please involve local entrepreneurs in North Moluccas. So, later local investors and entrepreneurs, especially
MSMEs, can grow together and will eventually create a fair and equitable economic growth”, said Bahlil.
IWIP President Director, Xiang Binghe, warmly welcomed the visit of the BKPM Chairman. “Currently, IWIP continues to grow rapidly with the increasing number of smelters that are already in the construction and production stages, as well as the initiation of several new projects. I thank Pak Bahlil and his team for supporting us a lot so that
the progress of our project can run quickly over the past 20 months,” said Binghe.
The investment value of the first phase of the IWIP area reaches USD 5 billion and targets to employ 25,000 workers by the end of 2021, with no more than 2,500 foreign workers. With an area of 2,600 hectares, IWIP is an integrated heavy metal processing industrial
area designated as one of the 9 National Priority Industrial Zones outside Java
Island by President Joko Widodo on January 17, 2020.
North Moluccas Province itself is currently becoming the new prima donna of investment destination for FDI in Eastern Indonesia.
It was recorded that in the January-December 2020 period, North Moluccas province was ranked 3rd among all provinces that were locations for FDI, with a
total investment realization of USD 2.4 billion. Meanwhile, the realization of
DDI was IDR 662.1 billion.