Event Information

August 2024

Events:

• Cikarang Industrial Expo (CIE)

• Indonesia Warehousing & Logistics Expo (IWALEX)

• Indonesia Smart Industrial Expo (ISIEX)

• Indonesia Digital Technology Expo (INDITEX)

• Indonesia Smart Property Expo (ISPEX)

• Indonesia Smart Travel Technology Expo (ISTEX)

Date:
21 – 22 August 2024

Opening hours:
Wed: 10 am – 5 pm
Thu: 10 am – 5 pm

Venue:
Presiden University Convention Center (View)
Kota Jababeka Cikarang, West Java - Indonesia (View Map).

About Indonesia

Indonesia is one of the top ten largest manufacturing nations in the world and a promising destination for investments. Increased spending power, a tech-savvy population and massive public investments create business opportunities and growth in numerous industries.

Indonesia is a promising business destination for several reasons – the largest economy in ASEAN is rich in natural resources and has a demographically well-positioned and rapidly growing middle-class that drives domestic consumption. In 2030, the country will have nearly 300 million inhabitants and is projected to be the seventh largest economy in the world.

A TOP MANUFACTURING NATION

Today, Indonesia is already one of the top ten largest manufacturing nations in the world. To further boost growth, the government has adopted several reforms that include establishing industrial zones and providing tax holidays.

BUSINESS OPPORTUNITIES

The rapidly increasing spending power, a tech-savvy population and massive public investments create business opportunities within various industries. Private consumption accounts for about 60 percent of the GDP, which is one of the main reasons many foreign companies enter and expand their businesses in Indonesia.

Since Ericsson first entered Indonesia in 1907, many other Swedish companies have followed. Today, around 80 companies with ties to Sweden are active in the country and many more are exploring the possibility of market entry. There are also a number of Indonesian companies and partners that represent Swedish products and technologies.

Doing business in Indonesia

With its large territory, tropical climate, and abundance of natural resources such as oil, minerals, timber and raw or semi-transformed agricultural products, Indonesia has been steadily attracting foreign investment.

Aware of this, the Indonesian government has been aiming to transition the country’s industry towards a more modern, industrial and service-oriented economy by steering the economy away from its dependence on exports of raw materials. These plans include policies to develop new infrastructures and long-term and sustainable growth through business-friendly taxes.

The government has also been transforming large cities into specialised industrial and service hubs for machinery, electronics, automotive and auto parts. Indonesia aims to boost its tourism and hospitality sector, which notably includes several UNESCO world heritage sites.

The penetration of the internet is high in Indonesia. With its population of more than 260 million, a growing middle-class and a nominal GDP of about USD 1 trillion, Indonesia is an extremely attractive location for starting any business with its already large, accessible and rapidly growing market.

Indonesia, however, does not offer an easy way to navigate the business environment – it is ranked 73 among 190 economies in the Ease of Doing Business. The rank of Indonesia remained unchanged at 73 in 2019 from 73 in 2018. Therefore, investors should be aware and well informed of local regulations and sector-specific requirements before commencing their operations in Indonesia.

Source:

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Timezones
Indonesia has three time zones—Western Indonesia Time which is GMT +7 (covering Sumatra, Java, Madura, West Kalimantan, Central Kalimantan), Central Indonesia Time which is GMT +8 (covering East and South Kalimantan, Sulawesi, Bali, Nusa Tenggara) and the last is Eastern Indonesia Time which is GMT +9 (covering Maluku and Irian Jaya). The capital Jakarta is GMT + 7 or 16 hours ahead of US Pacific Standard Time.

Office Hours
Office hours start from 8 AM to 4 PM, or 9 AM to 5 PM. Lunch break occurs between 12 noon to 1 PM. Usually offices are closed on Saturdays, including government offices. Government office hours start at 8 AM and end at 4 PM.

Banking Hours
Standard banking hours are from 8 AM to 3 PM from Monday to Friday. However several banks open their branches in hotels (and some in malls) longer than office hour, a few are open on Saturdays so you might want to check first. Jakarta has a number of international banks, even though you can also exchange currencies in some hotel cashiers and official money changers.

Currency
The Indonesia Rupiah is also called IDR. Information of daily exchange rate can be found in newspapers or from the net. Some Indonesia banks provide this on their websites. IDR and US$ are the most acceptable currencies. Most tourism resorts have money changer facilities. When you are traveling to remote areas it is advisable to exchange your money and clear your check. Credit cards are only acceptable in big hotels, restaurants, shops and traveling agencies.

Electricity
Electric power supply is 220 volts in all regions. So be careful with your 110-volt electronic equipment. The sockets will only fit with with two pins rounded-tip plugs (technically known as Type C, E, and F) or use adaptors. Most hotels and many restaurants in large cities provide internet connections or free WiFi.

About Cikarang West Java- Indonesia

Major Industries in Cikarang

Cikarang is an area that includes the government of Bekasi Regency. Currently, Cikarang city grew as an industrial city. Here, industrial activity is very prominent. Looks from the many industrial areas began to spread from the West Cikarang (Cibitung) to South Cikarang area. Some well-known area is located in MM2100 Cikarang Barat, Kota Jababeka, Bekasi International Industrial Estate (BIIE) or the Hyundai Industrial Park, East Jakarta Industrial Park (EJIP) and Delta Silicon Industrial Park. Many foreign companies are located in Cikarang industrial estate, such as from Singapore, USA, Germany, Korea, Japan, China, Malaysia, Taiwan and the Middle East region.