Indonesia's Special Economic Zones (SEZs) have surged ahead in attracting investments, hitting a substantial IDR 62.9 trillion by the end of 2023, surpassing the initial target of IDR 62.2 trillion. This impressive performance has prompted the National Council of SEZs to elevate the 2024 investment target to IDR 64.5 trillion, marking a 3.69% increase from the current year's goal. Susiwijono Moegiarso, Acting Secretary-General of the National Council of SEZs, disclosed these achievements at the Business Forum themed "Business Opportunities in the Manufacturing and Tourism Sectors within Indonesia's Special Economic Zones" held in Bangka Belitung. He highlighted SEZs as instrumental in expediting economic development by inviting heightened investments into strategically advantaged regions. Emphasizing SEZs as catalysts for economic growth, Susiwijono stressed their role in amplifying industrial, export, import, and economically competitive activities. He underscored the government's commitment to nurturing SEZs to sustain and maximize their contribution to the economy, as quoted by Pajak.com on December 20th.
Despite their success in bolstering investments and generating employment opportunities, SEZs confront challenges in areas like tax holidays, immigration, labor, land, and the Online Single Submission (OSS) licensing system. Susiwijono emphasized collaborative efforts between the Secretariat General of the National Council of SEZs and relevant stakeholders at central and regional levels to address challenges, ensuring SEZs meet developmental targets and benefit society, fostering equitable growth across regions. SEZs have been integrated into the National Strategic Projects (PSN), offering investors various incentives, particularly outside Java Island. Looking forward, Susiwijono anticipates enhanced SEZ performance in 2024, with plans for collaboration with the UI Public Service and Community Engagement Agency (LPPM UI) to formulate new metrics for greater regional and national growth. Indonesia presently hosts 20 SEZs, categorized into industrial and tourism-focused clusters. Notably, SEZs span Java (Galang Batang, Kendal, Gresik, Singhasari) and Sumatra (Arun Lhokseumawe, Sei Mangkei, Batam Aero Technic), extending to other regions (Sorong, Bitung, Palu, MBTK, Nongsa, Tanjung Kelayang, Tanjung Lesung, Lido, Morotai, Likupang, Mandalika, Kura-Kura Bali, Sanur). Susiwijono concluded, highlighting that the accrued investment value represents realized physical infrastructure developments, illustrating investors' tangible commitment to SEZs' growth.
Source: https://www.pajak.com/keuangan/target-investasi-kek-naik-jadi-rp-645-t-di-2024/
