Flash News

SEZ Sei Mangkei Offered the Opportunity to Invest in Palm Oil and Rubber Sectors

Special doc./SEZ in Sei Mangkei offered the chances to invest in palm oil and rubber sectors.
SEZ Sei Mangkei Offered the Opportunity to Invest in Palm Oil and Rubber Sectors

InfoSAWIT, SIMALUNGUN – Nine delegations from some countries, including general consulates and honorary consul, visited Sei Mangkei Special Economic Zone (SEZ) in Regency of Simalungun, North Sumatera Province, Wednesday (26/6/2024). The visit was about to get deeper information about potential investments in Sei Mangkei SEZ and Medan Industrial Zone.

Sei Mangkei SEZ in North Sumatera is familiar with big scale palm oil plantation and downstream rubber development center with international scale - standards.

Head of Development, Research and Development Plan North Sumatera Province, Alfi Syahriza said that AEZ offers chance for the investors to get involved in the downstream industries.

“Many industries in North Sumatera, particularly in Sei Mangkei SEZ develop fast,” he said, as InfoSAWIT quoted from the official page of North Sumatera Province, Thursday (27/6/2024).

One main question that the delegations asked about was the easiness and incentives that North Sumatera Province would offer to the investors. Head of Investment and Once Stop Service, North Sumatera, Faisal Arif Nasution said that the province published Regional Regulation Number 3 / 2023 that would offer investment incentives and easiness to get (many) investors.

Director of PT Kawasan Industri Nusantara (KINRA), VT Moses Situmorang said that Sei Mangkei SEZ laid on about 1.993,8 hectares. It is now managed together with PT Perkebunan Nusantara III (Persero) and PT KINRA with the business focuses on palm oil and rubber. Until now, some buildings are being constructed for seven companies in Sei Mangkei SEZ. It is planned, there would be three (companies) to operate. Investment estimation by 2023 could be the top, namely in crude palm oil oleochemical and refinery.

The delegation also visited ice cream industry to see the production and packaging process. This showed their commitment to explore potential investment in North Sumatera Province. (T2)