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Indonesia s JIIPE green economic zone expected to attract $17bn investment Out-Law News | 21 Jul 2021 | 11:01 pm | Indonesia’s Java integrated industrial and port estate (JIIPE) Gresik special economic zone (SEZ) is expected to attract $17 billion in investment from domestic and foreign investors, according to the president of one of its owners PT AKR Corporindo Tbk (AKRA). The JIIPE, owned by AKRA and Indonesian state-owned port operator PT Pelabuhan Indonesia III, was officially appointed as a technology and manufacturing SEZ by the country’s president Joko Widodo in June. JIIPE is designed as a green project with zero emission that has complete utility facilities including utilities needed by industry such as power plants, clean water and waste management, gas supply, telecommunication networks, and multimodal transportation. It is a national strategic object for Industry 4.0. SEZ status will provide additional incentives to investors. Fiscal incentives include income t

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