Indonesia to build “world’s largest green industrial estate” backed by Belt and Road Initiative
PT Kalimantan Industrial Park Indonesia (KIPI), a consortium of companies from Indonesia, China and the United Arab Emirates, is financing the US$132 billion project in North Kalimantan, Indonesia. Indonesian President Joko Widodo said will initially sit on 16,400 hectares of land on the island of Borneo but could be extended in future to almost twice that size. Located in North Kalimantan province, the estate will span 30,000 hectares (74,132 acres) and include investment from […]