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The development of the first integrated Gresik industrial area in Indonesia, JIIPE (Java Integrated Industrial & Ports Estate) became a success story of cooperation between the private sector and BUMN. This cooperation will accelerate industrial development and lead to economic development. The 2,961 hectares Gresik JIIPE industrial area was built by PT AKR Corporindo Tbk through subsidiaries of PT Usaha Era Pratama Nusantara and PT Pelabuhan Indonesia III through PT Berlian Jasa Terminal Indonesia, with different share portions.
For ports, the composition of the shares is 60% PT Pelindo III and PT AKR Corporindo 40%. As for the industrial estate, the composition is reversed with AKR owning 60% of shares. Integrated, the seaport will have direct access to the domestic and international markets that will support the Indonesian economy.
Gresik Industrial Estate JIIPE has a 1,760-hectare Industrial Estate business permit equipped with a 23 megawatt power plant with a number of industrial clusters. This is a very good industrial area in Indonesia. JIIPE Gresik Industrial Estate has a power plant, a power plant, there is a port, very efficient. If you want to export from the factory to the port there is no one kilometer so there is no transportation cost. With the emphasis on production costs, Indonesian products can compete in the global market.