President Jokowi inaugurating JIIPE in 2018

PR90435

JAKARTA, Indonesia, July 2, 2021 /PRNewswire=KYODO JBN/ --

--Indonesia's largest integrated industrial city and deep-water port awarded

KEK status

--New status to make nationally important project an "investor-friendly

destination"

--Paves the way for expansion of the one of the largest public-private project

Java Integrated Industrial Ports and Estate (JIIPE) owned by PT AKR Corporindo

Tbk (IDX: AKRA.JK) and Pelindo III is officially ratified as a Technology &

Manufacturing Special Economic Zone (SEZ) per Government Regulation (PP) No. 71

of 2021 dated June 28, signed by the President of the Republic of Indonesia,

Joko Widodo.

Receipt of Special Economic Zone Status will allow for the further expansion of

the port, industrial and residential project, which is expected to generate

$17bn in investment and around 200,000 new jobs.

Already a holder of a direct construction license (KLIK) Confirmation of KEK

status will grant further benefits to the project, allowing JIIPE to offer new

tenants and investors one-stop access to tax incentive schemes and the

provision of onsite, one-window access for business permit and license

applications.

JIIPE: Java's New Industrial Centre

The JIIPE site, designed by Japanese Master Planner Nippon Koei, is one of

Indonesia's largest public-private infrastructure projects. It is expected to

play an integral role in the modernization of Indonesia's manufacturing and

logistics capabilities.

The sheltered port and industrial city adjacent to Madura Island features one

of the deepest ports in the region (-16 LWS) with four multifunction piers able

to serve large vessels with more than 100,000 DWT.

It is also uniquely self-sustainable with an independent utility supply and new

energy generation facilities capable of supplying up to 1200MW of power.

The 3,000-hectare development is also customizable according to tenants' needs.

It has already become home to several prominent MNCs in the heavy, medium and

light industry sectors.

JIIPE is also well served by connecting transportation links connected by road

and rail links and is situated just one hour from Juanda and Surabaya

International Airports.

For more information on JIIPE, please visit https://www.jiipe.com/en

About JIIPE

JIIPE is a public-private project between PT AKR Corporindo Tbk and Pelabuhan

Indonesia III. Located in Gresik, East Java province, the 3,000ha site is the

country's first integrated industrial city and port development project.

SOURCE  PT AKR Corporindo Tbk

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   Caption: President Jokowi inaugurating JIIPE in 2018