{
    "success": true,
    "data": {
        "id": 1875905,
        "msgid": "indonesia-accelerates-rp37-1-trillion-investment-realisation-batang-as-the-new-shenzhen-1784771489",
        "date": "2026-07-23 08:15:05",
        "title": "Indonesia Accelerates Rp37.1 Trillion Investment Realisation, Batang as 'The New Shenzhen'",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Investment",
        "summary": "Indonesia and China's Fujian Province have agreed to accelerate the Two Countries Twin Parks (TCTP) cooperation by drafting a more concrete list of priority projects. The initiative aims to catalyse Chinese investment, particularly into the Batang Industropolis Special Economic Zone, which is being positioned as 'Indonesia's Shenzhen'. The cooperation currently encompasses 30 MoUs with an estimated investment value of around Rp37.1 trillion.",
        "content": "<p>The Indonesian government and the government of Fujian Province,\nChina, have agreed to accelerate the implementation of the Two Countries\nTwin Parks (TCTP) cooperation through the drafting of a more concrete\nlist of priority projects and sectors. This move is expected to become a\nnew catalyst for Chinese investment, particularly into the Batang\nIndustropolis Special Economic Zone (KEK), which is projected to become\n\u2018Indonesia\u2019s Shenzhen\u2019. The agreement emerged during a meeting between\nCoordinating Minister for Economic Affairs Airlangga Hartarto and Fujian\nVice Governor Zhao Zenglian in Jakarta on Tuesday (21\/7\/2026). According\nto Airlangga, the government wants to accelerate the realisation of\nstrategic projects within the TCTP framework to strengthen\nIndonesia-China economic relations through increased investment, trade,\nand industrial development. \u2018In line with the direction of President\nPrabowo Subianto, the development of the Batang Industropolis KEK, which\nwas inaugurated on 20 March 2025, as Indonesia\u2019s Shenzhen, is expected\nto be realised soon. One way is through the acceleration of various\nconcrete projects within the TCTP programme framework,\u2019 said Airlangga.\nAirlangga also appreciated the support of the Fujian Provincial\nGovernment, which has been one of Indonesia\u2019s main partners in\ndeveloping industrial and investment cooperation. Under the TCTP scheme,\nIndonesia and China have built various collaborations between industrial\nestates, local governments, and business actors from both countries. To\ndate, 30 memoranda of understanding (MoUs) have been signed with an\nestimated investment value reaching around Rp37.1 trillion. The\ngovernment hopes that the cooperation will not stop at the signing stage\nbut will immediately proceed to the project implementation phase,\ncapable of creating new economic activity in both countries. Meanwhile,\nFujian Vice Governor Zhao Zenglian conveyed his government\u2019s commitment\nto accelerating the realisation of the TCTP programme. He stated that\nstrengthening coordination among stakeholders, identifying priority\nprojects, and formulating follow-up actions are key to ensuring the\ncooperation runs effectively. \u2018We are ready to work together with the\nIndonesian Government to promote the development of areas within the\nTCTP programme and are committed to identifying priority sectors that\nhave the potential to be developed jointly with Fujian Province,\u2019 said\nZhao. In addition to developing investment projects, both countries are\nalso continuously strengthening the TCTP supporting ecosystem through\ntrade facilitation, customs coordination, improving the flow of goods,\nand expanding market access. These measures are expected to create a\nmore competitive business climate while increasing investment\nattractiveness in the areas included in the TCTP programme. Both parties\nalso affirmed their commitment to accelerating the formulation of the\nTCTP implementation master plan as a guide for future cooperation\ndevelopment. At the close of the meeting, Zhao extended an official\ninvitation to Airlangga to attend the China International Fair for\nInvestment and Trade (CIFIT) 2026, which will be held in Xiamen on 8\nSeptember 2026. CIFIT is one of the world\u2019s largest investment\nexhibitions focusing on international investment and trade promotion.\nThe TCTP cooperation is one of the flagship projects of Indonesia-China\neconomic relations, expected to attract manufacturing investment,\nstrengthen industrial supply chains, and accelerate the transformation\nof national strategic industrial areas, including the Batang\nIndustropolis KEK, which is being prepared to become a new economic\ngrowth centre in Indonesia.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-accelerates-rp37-1-trillion-investment-realisation-batang-as-the-new-shenzhen-1784771489",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}