Batang Industropolis SEZ Attracts Interest from Hungarian Investors - BCA Securities
The Indonesian government has announced that the Batang Industropolis Special Economic Zone (SEZ) has successfully attracted interest from investors from Hungary. This was marked by the signing of two Memoranda of Understanding (MoU) in the field of green energy during the ‘Indonesia’s New Economic Frontier: Investing in Batang Integrated Estate and Health Special Economic Zone’ business forum held in Budapest, Hungary.
The two MoUs were signed between PT Kawasan Industri Terpadu Batang (KITB), the developer and manager of the Batang Industropolis SEZ, and two Hungarian companies, Merlion Tech Ltd and Iconic Energi Kft. Both companies operate in the sectors of renewable energy, energy efficiency, and environmental sustainability.
“In our journey towards Indonesia Emas 2045, we invite the international business community not only to witness Indonesia’s transformation but also to become part of that journey,” stated the Acting Secretary General of the National SEZ Council, Rizal Edwin Manansang, in a statement from Jakarta on Tuesday.
Edwin emphasised that Indonesia and Hungary possess significant potential to build strategic partnerships in the healthcare, pharmaceutical, science, and innovation sectors. Hungary is recognised as a leading pharmaceutical research hub in Central and Eastern Europe, while Indonesia offers competitive market scale and infrastructure for long-term investment development.
During the forum, the President Director of Batang Industropolis SEZ, Agung Putu Ngurah Wirawan, presented significant developments in the zone, which has recorded a total investment of US$1.3 billion and absorbed approximately 11,000 direct workers. He noted that high investor interest is reflected in land sales that far exceed the national industrial estate average. In 2024, land sales in the Batang Industropolis SEZ reached 104 hectares, and in 2025, they reached 97 hectares, significantly higher than the typical annual industrial estate sales of 15-20 hectares.
In addition to promoting investment opportunities in the Batang Industropolis SEZ, the government also introduced several health-sector SEZs to the Hungarian business community, including the Sanur SEZ, the Batam International Tourism and Health SEZ, and the Banten International Education, Technology, and Health SEZ. During the business matching session, represented by the Acting Head of the Bureau of Investment, Cooperation, and Communication, Bambang Wijanarko, various potential collaborations were discussed, including the development of water management and industrial water recycling sectors to support future regional needs. Furthermore, discussions covered investment opportunities in property and supporting facilities for workers in the Batang SEZ, as well as exploring joint funding schemes between the Hungarian and Indonesian governments to support strategic projects.