The Kendal Special Economic Zone (KEK Kendal) has recorded an investment realization of IDR 87 trillion as of the end of 2024. The top three sectors attracting investment in this area include fashion, renewable energy, automotive, and electronics. Head of Sales & Marketing at PT Kawasan Industri Kendal (KIK), Juliani Sari Kusumaningrum, stated that as of June 2024, investment realization reached IDR 78 trillion, and is now expected to hit IDR 87 trillion by year-end, considering fluctuations in the IDR to USD exchange rate. PT Kawasan Industri Kendal (KIK) holds the only industrial-based KEK status on Java Island under Government Regulation No. 85 of 2019. Juliani highlighted that since its establishment in 2019, investment in the region has seen rapid growth, increasing from just IDR 7.8 trillion in 2018.

KEK Kendal spans 2,200 hectares, with the first phase of 1,000 hectares already 90% occupied. The zone offers numerous advantages for investors, such as a tax holiday for 10 to 20 years, exemption from import duties, and VAT and luxury goods tax incentives. Additionally, KEK Kendal is strategically located near Kendal Port, the Tanjung Emas International Port, the Trans Java Toll Road, and Ahmad Yani International Airport in Semarang. Currently, 117 companies operate in KEK Kendal, with 40% originating from China, 11% from South Korea, India, Germany, and other countries, and 49% from local investors. Among the latest investments is a lithium battery anode material plant by PT Indonesia BTR New Energy Material, recently inaugurated by President Joko Widodo, which is expected to bolster the country’s electric vehicle ecosystem.

Source: https://investor.id/macroeconomy/374993/realisasi-investasi-kek-kendal-capai-rp-87-triliun