UAE’s Defense Specialist Expands Across Asia with New Ammunition Production Line in Indonesia
The EDGE Group from the United Arab Emirates has announced a USD 27 million deal to provide Indonesian state-owned enterprise PT Pindad with an ammunition production line. This agreement marks another advancement in the Gulf defense conglomerate’s expansion into...
Indonesia Launches Third Phase of New Capital Development
Indonesia has launched the third phase of the Nusantara Capital City (IKN) project, which includes 25 project packages such as the construction of the National Police and Ministry of Defense offices. Danis Sumadilaga, Head of the IKN Infrastructure Development Task...
Government Approves Three New SEZs, Aiming for USD 9.8 Billion Investment Value
The National Council for Special Economic Zones (KEK) in Indonesia has approved proposals for three new special economic zones (SEZs) in Batam, Tangerang, and Morowali. These SEZs target total investments of IDR 161 trillion (USD 9.8 billion) and will be recommended...