An Ipoh based company, BTN Power, will work in partnership with China Machinery Engineering Corporation (CMEC), a China state-owned enterprise, and Perusda Bantaeng, an Indonesian Government linked entity, to develop a vast tract of land in South Sulawesi.
They have inked a deal as a “Joint Master Developer” in turning a massive 3,000 hectares site at Bantaeng into an integrated industrial park to be supported by necessary infrastructure.
The agreement signing ceremony was hosted by the Malaysia-Makassar Cultural and Heritage Organisation (MMCHO) recently. It was witnessed by the Indonesian Ambassador, Mr Herman Prayitno, and president of MMCHO, Dato’ Seri Rozaini Nawawi.
The agreements were signed between the Indonesian local land authority, Perusahaan Bantaeng, and the participating companies. They included PT. Baji Minasa Perusda Bantaeng, ADP Daya Prima (M) Sdn. Bhd., and PT Bantaeng Sigma Persada.
The estimated Gross Development Value (GDV) of the Bantaeng Industrial Park will reach RM30 billion upon completion in 15 years.
Since its inception, the Bantaeng Industrial Park has attracted and secured eight committed catalytic industrial manufacturers, primarily nickel pig iron smelters and its related services from China and Indonesia for land totaling 750 hectares with a total investment of RM9 billion and a workforce of 50,000.
A township with all the infrastructure and facilities will be built nearby to accommodate the increasing population.
The BTM-CMEC will together with the Indonesian also develop a riverfront resort, Royal Tallo Riverfront City Resort, in Makassar City. It is a tourism project aimed at attracting visitors from Middle East, Europe, China, Korea, Japan and ASEAN countries seeking an ecological and nature oriented option to Bali and Phuket.
The Group will invite Bumiputra contractors from Malaysia to participate in the existing infrastructure works in the industrial park.