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Economy

Indonesia's newest province chases $132bn industrial dream

Jokowi pins green hopes on Borneo amid delays at China-backed hydro plant

  © Indonesia’s presidential office

TANJUNG SELOR, Indonesia -- Indonesia's newest province on Borneo island, North Kalimantan, is also one of the least developed parts of the country. But it holds the key to the government's ambition to transform Indonesia into a high-tech, low-carbon economy.

Splitting off from its now southern neighbor, East Kalimantan, 10 years ago, North Kalimantan borders the Malaysian states of Sabah and Sarawak. For decades it was left out of central government development programs. But construction has recently begun on what President Joko "Jokowi" Widodo calls "the world's largest green industrial park."

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