Seven new investors – three foreign companies and four domestic ones – signed memorandums of understanding (MoU) to invest in the Palu Special Economic Zone (KEK Palu), PT Bangun Palu Sulawesi Tengah (BPST) director Mulhanan Tombolotutu has said.
Mulhanan, whose company is an operator of KEK Palu, and representatives of the seven companies signed MoUs at the BPST office in the Central Sulawesi capital of Palu during a ceremony attended by Central Sulawesi Governor Longki Djanggola on Tuesday.
“The companies plan to invest around US$5 million each on average,” Mulhanan said at the ceremony.
Meanwhile, Longki said that initially President Joko “Jokowi” Widodo was going to attend the ceremony after opening the Indonesian Islamic Students Movement’s (PMII) congress in the city, but the President canceled, because he had to immediately return to Jakarta.
Two of the investors are from China — PT. STM Tunggal Jaya and Tidfore Group – and the third from South Korea — Korea Western Power. Meanwhile, the four Indonesian investors are PT Pelabuhan Indonesia IV, PT Wika Jabar Power, PT PP Energi and PT Pertagas Niaga.
The sectors of investment include infrastructure (electricity, water, transportation and distribution), industrial estates, port services and logistics.
Longki welcomed the arrival of the new investors and expressed hope that they could immediately start building their business. The governor said the acceleration of KEK Palu’s development was the result of a recent meeting chaired by President Jokowi at the State Palace and attended by relevant ministers and the governor.