December 22, 2016
The Kendal Industrial Park in Central Java, a joint Indonesian-Singaporean project, is set to become a hotbed of employment over the coming years. The park, also known as “Park by the Bay”, is a joint venture between Indonesia’s industrial estate developer PT Jababeka and Singapore’s Sembcorp Development. Sembcorp Development said in a press statement the project will form the economic engine needed to draw investment and create jobs for a region which Indonesia has identified for development.
Some 100,000 jobs are expected to be created by 2021, when phase one of the project is complete by then. The 2,700-hectare park is expected to entice manufacturing firms in industries such as furniture making, food processing, building materials, and textiles in particular. It was officially opened by Singapore Prime Minister Lee Hsien Loong and President Joko Widodo during their leaders’ retreat in November. Sembcorp Development CEO Kelvin Teo told Channel NewsAsia that 20 organisations from Singapore, Indonesia, Japan, and Australia had agreed to invest in the park, of which 4,000 employment prospects will be generated. They will invest a total of IDR 4.3 trillion (S$450 million), generating an expected 4,000 job opportunities.
Hartarto said vocational training for the furniture industry in Java would be offered to ensure there are an adequate number of workers employed in the industrial park.