Indonesia and China signed memorandums of understanding for 16 major project investments totaling $2.19 billion (approximately IDR 36.4 trillion) as part of the **"Two Countries Twin Parks" (TCTP)** cooperation mechanism, aimed at deepening industrial collaboration between the two countries**. The agreement was announced by the Coordinating Minister for Economic Affairs at the 20th anniversary commemoration of the China Chamber of Commerce in Indonesia (CCCI). These 16 projects are jointly promoted by enterprises from Fujian Province and Indonesian partners, covering multiple strategic sectors.
TCTP is a new model of industrial cooperation proposed by President Prabowo and the Chinese Premier, where Indonesia is not just an investment destination but also plays a partner role in supply chains and industrial downstreaming. The combined economic output of the two countries is close to $20 trillion, and both maintain a stable growth rate of about 5%, providing a solid foundation for expanding bilateral trade and investment. This close relationship creates broad opportunities for enterprises in both countries.
The Twin Parks will be developed in three locations: Batang Industrial Zone in Central Java (already designated as an Economic Zone), Wijayakusuma Industrial Zone in Semarang, and Bintan Industrial Zone. Batang is positioned as a competitive industrial base that combines both capital-intensive and labor-intensive industries. The 16 projects are planned to start in 2026, covering national priority sectors, including: steel and nickel exports, food processing and marine economy, integrated fisheries, solar energy and energy storage systems, coal and industrial raw material supply chains, Indonesia-China AI R&D, industrial technology and equipment, and new energy industrial chain and park development.
He expects these projects to become new growth engines, driving employment and strengthening the national industrial structure in a sustainable and inclusive manner. He also praised CCCI for facilitating the entry of approximately 600 Chinese enterprises into various strategic industries in Indonesia over the past 20 years, making an important contribution to bilateral economic relations.
Indonesia and China signed memorandums of understanding for 16 major project investments totaling $2.19 billion (approximately IDR 36.4 trillion) as part of the **"Two Countries Twin Parks" (TCTP)** cooperation mechanism, aimed at deepening industrial collaboration between the two countries**. The agreement was announced by the Coordinating Minister for Economic Affairs at the 20th anniversary commemoration of the China Chamber of Commerce in Indonesia (CCCI). These 16 projects are jointly promoted by enterprises from Fujian Province and Indonesian partners, covering multiple strategic sectors.
TCTP is a new model of industrial cooperation proposed by President Prabowo and the Chinese Premier, where Indonesia is not just an investment destination but also plays a partner role in supply chains and industrial downstreaming. The combined economic output of the two countries is close to $20 trillion, and both maintain a stable growth rate of about 5%, providing a solid foundation for expanding bilateral trade and investment. This close relationship creates broad opportunities for enterprises in both countries.
The Twin Parks will be developed in three locations: Batang Industrial Zone in Central Java (already designated as an Economic Zone), Wijayakusuma Industrial Zone in Semarang, and Bintan Industrial Zone. Batang is positioned as a competitive industrial base that combines both capital-intensive and labor-intensive industries. The 16 projects are planned to start in 2026, covering national priority sectors, including: steel and nickel exports, food processing and marine economy, integrated fisheries, solar energy and energy storage systems, coal and industrial raw material supply chains, Indonesia-China AI R&D, industrial technology and equipment, and new energy industrial chain and park development.
He expects these projects to become new growth engines, driving employment and strengthening the national industrial structure in a sustainable and inclusive manner. He also praised CCCI for facilitating the entry of approximately 600 Chinese enterprises into various strategic industries in Indonesia over the past 20 years, making an important contribution to bilateral economic relations.