The masterplan of the new capital city project of the Indonesian government – slated to begin construction in mid-2024 – is a chemical industry complex that has been touted as the world’s largest.
The chemical industrial complex is expected to contribute up to US$6.5 billion to the national GDP and open up nearly 40,000 jobs, according to the Ministry of National Development Planning.
Indonesia’s chemical has seen steady growth in economic contribution, up to Rp 339.18 trillion (roughly US$22.28 billion) as of the end of 2021 from Rp 180.04 trillion as of 2014, according to Statista. As of November 2022, exports of processed chemical reached US$20.01 billion according to data from the Indonesian Ministry of Industry (Kemenperin), while imports reached US$27.85 billion.