SOUTHEAST ASIA BUILDING25 Jul 2019
CFLD International marks further progress at latest Indonesia project
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CFLD International, an end-to-end master planner, creator and operator of full-scale New Industry Cities, marked its continued progress in Asia with a ground breaking ceremony on 20 June 2019 for the tenants of its Karawang New Industry City (KNIC) project in Indonesia.

Strategically located 47 kilometres east of Jakarta, in the heart of the Jakarta-Bandung economic corridor, the 205-hectare KNIC features world-class infrastructure, digital connectivity, facilities and amenities specifically designed for food, automobile and motorcycles, consumer electronics, and building materials industries. It also houses innovation parks for small and medium enterprises (SMEs).

The ceremony was graced by more than 200 guests, partners, tenants and officials including Airlangga Hartarto, Minister of Industry for Indonesia; Ridwan Kamil, Governor of West Java; Wang Liping, Minister-Counselor of the Economic and Commercial Counselor's Office of the Embassy of China in Indonesia; Dito Ganinduto, Chairman of Commission 6 of the People's Representative Council, Indonesia; Wisnu Wijaya Soedibjo, Deputy Chairman of the Indonesia Investment Coordinating Board (BKPM); and Cellica Nurrachadiana, Regent of Karawang Regency.

Already, more than US$100 million of investment has been committed from a strong suite of nine regional and international tenants and partners. This includes PT Wook Global Technology, PT Ikimura Indotools Centre, PT Ruiyuan Karawang Industrial Innovation and Development, PT Wonderful Food International, PT Brightgene Biomedical Indonesia, PT Binamitra Kwartasedaya, Zhengjia Henglin Co., Ltd., PT Sandin Heavy Equipment, and Dongguan JiaYaoXing Packing Products Co., Ltd. Approximately 4,000 local jobs are expected to be created from this tranche alone.

KNIC aligns with the local government’s commitment to economic and social progress. When fully completed, the project in its entirety is expected to create 40,000 new jobs locally, while contributing US$12 million in local taxes per year to Indonesia.

KNIC is one of the projects currently being undertaken by CFLD International, along with Tangerang New Industry City, also in Indonesia, and Nhon Trach New Industry City in Vietnam. CFLD International is the international arm of CFLD, which has a strong track record of NIC development and operation. As the end of 2018, CFLD’s projects in more than 80 regions have attracted over 2,000 enterprises, generated 105,000 new jobs, contributed US$23.7 billion in GDP, and attracted cumulative investments of US$76.5 billion.