Singapore has reinforced its commitment to advancing Indonesia’s green energy sector through investments in sustainable industrial zones and renewable energy projects in Batam, Bintan, Karimun (BBK), and Kendal Industrial Park. This commitment was announced during a meeting between Singapore’s Deputy Prime Minister and Minister for Trade and Industry, and Indonesia’s Minister of Investment and Downstreaming at the World Economic Forum in Davos, Switzerland, last month.
The Vice Chairman for Special Economic Zones (SEZ), Industrial Zones (IZ), and National Strategic Projects (PSN) at the Indonesian Chamber of Commerce and Industry (Kadin Indonesia) acknowledged Singapore’s commitment while highlighting the importance of a balanced partnership that mutually benefits both countries. Kadin Indonesia, in collaboration with industrial zone operators, is offering various incentives to enhance investment appeal. Singaporean investors will receive a five-year land lease waiver in designated industrial zones, including PSN Wiraraja and Gesip Galang.
Singapore’s investment growth spans beyond green energy, encompassing infrastructure projects such as the development of Kendal Port and Tanjung Priok Port. These efforts align with both countries’ goals of enhancing bilateral economic ties. The Vice Chairman further stressed the need for a fair and mutually advantageous cooperation model, urging Singapore not only to consume Indonesia’s renewable energy but also to invest in its production and expansion actively, promoting regional economic development and sustainability.
This commitment represents an important move by Indonesia to drive sustainable investment and strengthen its role as a leader in renewable energy. The partnership with Singapore is anticipated to boost green industrial capacities, generate new job opportunities, and promote long-term environmental sustainability.
Expanding Indonesia’s green energy sector creates new opportunities for sustainable growth. This bilateral collaboration secures a stable renewable energy supply and cultivates an environment that encourages future investments. With the increasing global demand for green solutions, Singapore’s strategic investment in Indonesia could set a precedent for cross-border partnerships in transitioning to a sustainable economy.
(Source: Batam News Asia)
