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Gresik Special Economic Zone Java Integrated Industrial & Port Estate (Gresik SEZ JIIPE), which is a mega project resulting from the strategic collaboration of PT AKR Corporindo Tbk (AKRA) and PT Pelindo (Persero), received the Best Industrial Special Economic Zone award from the Coordinating Ministry for Economic Affairs of the Republic of Indonesia.
Gresik Special Economic Zone, Java Integrated Industrial & Port Estate (JIIPE), operated by a subsidiary of PT Berkah Kawasan Manyar Sejahtera (BKMS), has been designated as a Special Economic Zone with an industrial category through PP No.71 of 2021 concerning Gresik Special Economic Zone and has received a Decree to fully operate on November 8, 2022.
The government, through Government Regulation Number 40 of 2021 concerning the Implementation of Special Economic Zones, has also prepared fiscal and non-fiscal incentives that emphasize the government's commitment to providing support to industrial development and investment in the country.
Fiscal incentives are detailed in Minister of Finance Regulation (PMK) No. 237/PMK.010/2020 concerning Taxation, Customs, and Excise Treatment in Special Economic Zones.
President Director of AKRA, Haryanto Adikoesoemo, stated that Gresik SEZ JIIPE has also provided world-class utility facilities needed by industry, as well as special ports, and has become an investment destination for many foreign and domestic companies.
"This award is a recognition and form of government support for Gresik SEZ JIIPE. We hope that Gresik SEZ JIIPE will increasingly attract foreign and domestic investors," said Haryanto in a press release.
He continued that the development of a downstream ecosystem, driven by the operation of the world's largest copper smelter in JIIPE and other industrial ecosystems, will encourage the growth of value-added industries in Indonesia.
In addition, with the availability of world-class industrial utilities operated by PT BKMS, as well as deep sea port services operated by PT Berlian Manyar Sejatera (BMS) as a subsidiary of PT Pelindo (Persero) to provide services to tenants in JIIPE in terms of convenience and strategic access,.
“These developments will also boost the regional economy of East Java and help the Government of Indonesia's program increase the competitiveness of the domestic industry,” he said.