Indonesia is bringing the management of various industrial estates owned by the state under a new holding firm, Kawasan Industri Indonesia, The Jakarta Globe reported May 25.
The move led by Danantara aims to simplify the management structure of these estates, enhance integration, and boost investment appeal, the newswire said, citing Danantara Indonesia Chief Operating Officer Dony Oskaria.
"We are changing the business model to focus specifically on industrial estates," Dony said, emphasizing efforts to separate industrial estate operations from other business activities.
As a result, Danareksa, which previously oversaw the industrial estates, will shift its focus to asset management.
The new company "is expected to become one of the key drivers for attracting investment," Dony added.
The restructuring is slated for completion in 2026, following which Kawasan Industri Indonesia will begin operations in 2027, Dony said.
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