Economy

Indonesia's newest province chases $132bn industrial dream

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

20220302 PT Kalimantan Industrial Park Indonesia

© Indonesia’s presidential office

ERWIDA MAULIA, Nikkei staff writer
March 7, 2022 15:08 JST

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.

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