The Acting Governor of East Kalimantan (Kaltim) stated that a Chinese company is ready to invest IDR 13 trillion in East Kalimantan. He also made an official visit to China from June 19 to 22, 2024. The company interested in investing is from Anhui, China, and is interested in investing in chemical agricultural materials such as pesticides, herbicides, and glyphosate. The company's vice president has surveyed multiple locations in Indonesia for investment. The partnership between East Kalimantan Province and Anhui Province as sister provinces provided an opportunity for site selection. They need 1,000 hectares of investment land to build an integrated industrial area with a complete supply chain and a strategic position on the edge of water/sea areas.
The investment project is divided into two phases: an initial investment of USD 300 million and a subsequent development of USD 500 million, totaling IDR 13 trillion. The Acting Governor expressed appreciation for the investment plan of the Anhui company, as East Kalimantan, as a strategic partner of Indonesia's new capital city (IKN), is currently promoting accelerated development in the agricultural sector. This is especially important to support and achieve food security in East Kalimantan and IKN. Local government officials stated that they would invite the Anhui company team to conduct a survey in East Kalimantan and would fulfill necessary requirements regarding raw materials, land locations, and labor. During the visit, the Acting Governor's delegation planned to sign a letter of intent for sister province cooperation between East Kalimantan Province and Anhui Province, China.
The Acting Governor of East Kalimantan (Kaltim) stated that a Chinese company is ready to invest IDR 13 trillion in East Kalimantan. He also made an official visit to China from June 19 to 22, 2024. The company interested in investing is from Anhui, China, and is interested in investing in chemical agricultural materials such as pesticides, herbicides, and glyphosate. The company's vice president has surveyed multiple locations in Indonesia for investment. The partnership between East Kalimantan Province and Anhui Province as sister provinces provided an opportunity for site selection. They need 1,000 hectares of investment land to build an integrated industrial area with a complete supply chain and a strategic position on the edge of water/sea areas.
The investment project is divided into two phases: an initial investment of USD 300 million and a subsequent development of USD 500 million, totaling IDR 13 trillion. The Acting Governor expressed appreciation for the investment plan of the Anhui company, as East Kalimantan, as a strategic partner of Indonesia's new capital city (IKN), is currently promoting accelerated development in the agricultural sector. This is especially important to support and achieve food security in East Kalimantan and IKN. Local government officials stated that they would invite the Anhui company team to conduct a survey in East Kalimantan and would fulfill necessary requirements regarding raw materials, land locations, and labor. During the visit, the Acting Governor's delegation planned to sign a letter of intent for sister province cooperation between East Kalimantan Province and Anhui Province, China.
