Indonesia's President Joko Widodo officiated the groundbreaking ceremony for PT 
Freeport Indonesia's (PTFI) new copper smelter at Special Economic Zone Java 
Integrated Industrial and Port Estate (SEZ JIIPE) Gresik, East Java. The 1.7 
million MT Copper Smelter and Precious metals refinery being built in JIIPE is 
a project to strengthen the national downstream metals industry in Indonesia.   
JIIPE is a strategic national project jointly promoted by PT AKR Corporindo 
Tbk., (AKRA.IJ) along with State owned Pelindo III which integrates industrial 
estate with deep seaport and other utilities.

"The arrival of PTFI in the Special Economic Zone (SEZ) JIIPE in Gresik will be 
a strong pull factor for other industries to invest in Indonesia, especially 
those in the copper derivatives industry. We will keep supporting the 
development of infrastructure, as well as easing business processes. In 
addition, the local government of East Java province and district of Gresik 
will contribute to meeting the human resources needs of SEZ Gresik to make 
Indonesia more attractive as an investment destination," said President Widodo.

During a back-to-back event, Coordinating Minister of Economy, Airlangga 
Hartarto, also officially handed over SEZ status to JIIPE Gresik and 
inaugurated it as a Development and Management Entity (BUPP). 

Hartarto said, "Currently we have 15 out of 19 SEZs in operation, with a total 
investment of 64.4 trillion rupiahs, that has generated over 30,000 new jobs 
and total exports of 38 trillion rupiahs. Today, SEZ Gresik officially receives 
its status as Special economic zone as per Government Regulation No 71. The 
designation marks a milestone in the development of a chosen brownfield site 
chosen to become a new export and advanced technology-oriented powerhouse." 

With the addition of BUPP status, JIIPE will be authorised to handle all 
business licensing requests for investors under one roof, such as the issuing 
of building permits, environmental impact assessment certificates (AMDAL), and 
operational permits.

President Director of AKR Corporindo Haryanto Adikoesoemo said, "With SEZ and 
BUPP status now legally confirmed, investors will be able to do business in 
comfort.  Our strategy in JIIPE is to build clusters of supply chains, provide 
utilities at competitive prices and an integrated deep seaport.  This will 
enable our tenants operate efficiently and be competitive not only in Indonesia 
but also in the region".

For more information on SEZ JIIPE, please visit jiipe.com.

Source: PT AKR Corporindo

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=403691

   Caption: Indonesia President Joko Widodo

   Link: https://iop.asianetnews.net/view-attachment?attach-id=403693

   Caption: Coordinating Minister of Economy, Airlangga Hartarto, handing over 
official SEZ status to President Director of PT BKMS Bambang Soetiono Soedijanto

   Link: https://iop.asianetnews.net/view-attachment?attach-id=403694

   Caption: PT AKR Corporindo President Director Haryanto Adikoesoemo 
highlighting salient features of SEZ Gresik to President Joko Widodo