RI-S'pore JVC in Cikarang

JAKARTA (JP): A joint venture between Indonesia's Jababeka and Technology Parks Pte. Ltd Singapore, called PT Gerbang Teknologi Cikarang, has bought 240 hectares in PT Kawasan Industri Jababeka's industrial estate in Cikarang, West Java.

The company plans to build high technology industry factories there.

The president of Jababeka, Ismail Sofyan, said the purchase contract would be signed soon.

Technology Parks Pte Ltd is a subsidiary of Jurong Town Corporation of Singapore. (09)