|Will Indonesia Be Next 'Land of Opportunity?'|
|by Tom McGregor||Wed, Nov 21, 2012, 11:15 PM|
China has enjoyed remarkable growth over the past few decades. Yet the era of double-digit GDP growth rates appears to have ended. So, what will be the next land of golden opportunity? Will it be in Africa, South America or Southeast Asia?
Some economists have set their eyes on Southeast Asia. The countries in the region are young with growing populations, along with low living and labor costs. Construction companies can transform primitive jungle villages into more modernized cities. Many factories are flooding into these countries as well.
In Indonesia, the nation is rich in natural resources such as oil, gas and minerals. PAN China International, mining resources, metallurgy industry, logistics & trading and media conglomerate, will invest $105 million in Indonesia to construct a special economic zone in the regency of Seram in Maluku, Indonesia.
The regent of Seram, Jakobus Puttlethalat, disclosed to ANTARA news agency that the investment has been submitted to the Maluku provincial government. "We have prepared 5,000 hectares of land for the KEK (special economic zone) project after Governor Karel Albert Kalahalu gave his approval," he said.
PAN China will open the zone in a region that is seeking to upgrade its developments in the processing and the exploration of its minerals wealth that include oil and gas.
Indonesia offers abundant reliable energy resources and minerals, however the country struggles with widespread corruption, lack of infrastructure and equipment technologies failing to meet world-class standards.
It's the right moment for the nation to change into a more advanced society by utilizing upgraded technology to extract its natural resources. PAN China's economic zone could bring in numerous large-scale factories, warehouses, plants and refineries to store and transfer huge reserves of oil, gas and minerals. The facilities could serve other functions too.
To read the entire article from the China Daily, link here:
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