Indonesian Political, Business & Finance News

Danantara Downstream Projects Set to Absorb 600,000 Workers

| Source: ANTARA_ID Translated from Indonesian | Investment
Danantara Downstream Projects Set to Absorb 600,000 Workers
Image: ANTARA_ID

Jakarta (ANTARA) - The Minister of Investment and Downstreaming, who also serves as CEO of Danantara, Rosan Perkasa Roeslani, projects that the entire series of national downstreaming projects will create new employment opportunities for around 600,000 people in Indonesia.

“If we look at the projects we are running, they will create jobs for approximately 600,000 people,” said Rosan while reporting on the 13 second-phase downstreaming projects that were symbolically initiated by President Prabowo Subianto in Cilacap, Central Java, as quoted from a video broadcast by the Presidential Secretariat in Jakarta on Wednesday.

Rosan explained that the creation of these jobs is part of the government’s efforts to optimise the added value of state assets through massive industrial development.

The construction process in this second phase is being carried out simultaneously at 13 strategic project sites, following the successful completion of the first phase in early February at 11 different locations.

Some of the second-phase downstreaming projects include the construction of gasoline refinery facilities in Cilacap and Dumai, as well as coal processing facilities into Dimethyl Ether or DME in Tanjung Enim.

Additionally, the construction of stainless steel manufacturing, nickel manufacturing, carbon steel slab, copper and gold downstreaming, iron ore, and asphalt production.

In the agriculture sector, these include the development of palm oil processing into oleofood products as well as biodiesel, and downstreaming of coconut and nutmeg products.

The first-phase downstreaming projects include the alumina smelter in West Kalimantan, bioavtur in Central Java, bioethanol, and industrial salt processing in East Java.

Additionally, some constructions from integrated chicken farming in various locations across Indonesia.

Rosan emphasised that Danantara is not just a state asset manager, but also functions as a catalyst for national economic transformation.

“Because our mandate is to create added value, optimise assets, create efficiency, and of course, as a state investment to provide the greatest possible benefits for the Indonesian people,” said Rosan.

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