Indonesian industrial parks to waive land fees

Indonesian state-owned industrial parks will waive land rental fees starting next year to attract foreign investment. The sovereign wealth fund Danantara aims to boost economic growth and investment inflows.

A worker walks on a Light Rail Transit (LRT) construction site at an industrial area in Cikarang, near Jakarta, West Java province, Indonesia, December 8, 2020. REUTERS/Willy Kurniawan

State-owned industrial parks in Indonesia will waive land rental fees starting next year to attract foreign investors, Danantara Indonesia said Thursday morning. The policy aims to boost capital inflows as the sovereign wealth fund works toward government economic targets.

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