China has invited international leaders to weigh in on shaping the future design of its Belt and Road Initiative at a summit in Beijing. European governments are curious to find out if China is truly willing to multilateralize and institutionalize its flagship foreign policy project.
When China hosted the G20 summit in Hangzhou in 2016, an article in The Guardian hailed the event as “a new phase in the nation’s global economic confidence and leadership.” There is no question that G20 was a big milestone for China, but a much more obscure event – at least for a Western audience – might end up being more pivotal for China’s ability to lead globally.
The Belt and Road Forum for International Cooperation, to be held in Beijing on May 14 and 15, will revolve around China’s Belt and Road Initiative (BRI), its flagship foreign policy initiative. BRI is China’s from scratch attempt at building a cross-regional integration project, driven by financing the construction of new highways, railways, ports, power grids and other infrastructure to better connect China to South and Southeast Asia, Africa, the Middle East and Europe. While it has been difficult to keep track of the specifics, more than 65 countries are BRI “partner countries” and about 926 billion USD in investments have been announced.
China has to convince the skeptics
In light of these figures, BRI has attracted greater scrutiny lately, specifically in the U.S. and Europe. China has to convince skeptical observers that it won’t just throw money at often economically dubious infrastructure projects for its own strategic gain, regardless of transparency and governance standards. Also, Beijing is facing accusations that it does too little to factor in the interests of countries along the Belt and Road corridor.
If China plays its hand right, inviting the world to a conference could turn out to be a smart move. The Belt and Road Forum could dispel concerns by giving others within the scope of the project a chance to weigh in on it. The stated goal of the conference is to discuss the future trajectory of BRI and to adopt a communiqué setting out joint priorities and principles of cooperation. However, in preparing a working draft of the communiqué in the run up to the conference, Beijing has apparently given rather little consideration to input from other BRI countries, and it remains to be seen how much stakeholder input can be integrated over the course of the two-day event.
Given the cross-regional nature of BRI, the meeting in Beijing also makes for an interesting political experiment outside traditional alignments and alliances. The eclectic guest list of 28 heads of state and government includes the presidents of Russia and Turkey, Vladimir Putin and Recep Tayyip Erdoğan, alongside the prime ministers of Spain, Italy and Poland. Other EU member states will send senior government officials such as Germany’s Economics Minister Brigitte Zypries.
Three conceivable summit outcomes
Although is not clear from the outside what the Chinese leadership envisages as concrete outcomes for the summit, but three are conceivable:
The introduction of complementary “soft power” elements, such as a Belt and Road education fund or cultural exchange program, appears likely, as Beijing has recently presented a scheme for mutual recognition of academic degrees by 48 countries along the Belt and Road.
China might make a few high-profile BRI-related project funding promises, although Beijing’s enthusiasm for outbound investments has cooled down in recent months.
A Chinese invitation to all BRI countries to make steps towards a multiregional FTA would be a very bold (and not necessarily likely) move that would open up a new page in Chinese free trade endeavors.
Apart from that, the event will check all the boxes of traditional international summitry. We can expect the announcements of cooperation agreements and commercial deals. Even representatives of civil society and industry will be present at the meeting. Also, the Belt and Road Forum was preceded by a Silk Road security conference (in which Spain among others took part), underlining that BRI has a strong security dimension in addition to its obvious economic focus.
It is not at all clear whether China will live up to its promise of allowing participating stakeholders to have a greater say over the trajectory of BRI, but the G20 experience shows that China is willing to take on feedback in a multilateral setting. The BRI Forum could thus become the steppingstone towards the greater institutionalization of the initiative that especially Western countries might hope for. (See previous blogpost “Germany wants Europe to help shape China’s Belt and Road Initiative.”) At the same time, it could become another important marker of a shift towards a global order that is increasingly influenced by China.
JAKARTA – Best & Grow Investment (BGI) menggelar pertemuan dengan para investor asal China menjelang peresmian acara One Belt One Road (Forum Investasi Dunia) di Beijing, China, pada 14-15 Mei 2017. BGI mengenalkan berbagai potensi investasi di Indonesia, salah satunya terkait rencana pembangunan dermaga Industri Raksasa berskala global atau Port Estate (GIIPE) di Kota Medan, Sumatera Utara.
GIIPE sebagai pusat pengembangan industri baru di Kota Medan akan mendorong aktivitas perekonomian di Sumatera Utara. Pelabuhan laut di kawasan ini akan menekan biaya logistik karena terkendala akses jauh dari pelabuhan ke kawasan industri.
GIIPE nanti menjadi tempat strategis karena terintegrasi dengan kawasan industri dan hunian. Kelebihan ini menjadi keuntungan sendiri untuk para investor
Dalam forum tersebut, salah satu investor China, Shenzen Qixin Construction Group Co Ltd, melalui Deputy Chairman Ye Hong Xiao sudah menyatakan tertarik berinvestasi di GIIPE.
Sebagai perwakilan Pemerintah Indonesia, Menteri Koordinator Bidang Kemaritiman RI Luhut Binsar Panjaitan, dan Menteri Perindustrian (Menperin) RI Airlangga Hartarto, turut mempromosikan rencana ini.
Luhut Panjaitan mengemukakan, Indonesia adalah negara dengan tujuan investasi yang paling menjanjikan. Sebagai gambaran, Organization for Economic Co-operation and Development (OECD) menunjukkan data sepanjang kuartal IV-2016 pertumbuhan Produk Domestik Bruto (PDB) negara G20 turun tipis di rata-rata 0,7%.
“Sementara Indonesia bisa mempertahankan pertumbuhan PDB-nya di level 1,2%. Badan Pusat Statistik (BPS) mencatat, pertumbuhan ekonomi Indonesia pada kuartal I tahun 2017 berada di angka 5,01%,” ujarnya, dalam keterangan tertulis yang diterima SINDOnews, Sabtu (13/5/2017).
Menurut Luhut, investor tidak perlu takut berinvestasi di Indonesia. Karena pemerintah sudah merevisi regulasi yang memberatkan calon investor.
“Pemerintah Indonesia menyambut baik kawasan GIIPE dan mendorong para investor untuk berinvestasi dalam proyek tersebut. Selama kerja sama saling menguntungkan, Pemerintah Indonesia akan memberikan dukungan penuh dan menjamin kenyamanan investasi kepada pada investor,” katanya.
Senada dengan Luhut, Menperin Airlangga Hartarto menyatakan, Indonesia melalui Kementerian Perindustrian memberikan rekomendasi dan dukungan terhadap pengembangan kawasan GIIPE. Pemerintah Indonesia juga menyambut baik acara ini.
Sementara itu, Komisaris Best & Grow Investment, Ishak Charlie memaparkan berbagai keunggulan berinvestasi di GIIPE. Kawasan GIIPE berlokasi di Percut Sei Tuan, Medan, Sumatera Utara. Letaknya sangat strategis, 16 km dari pusat Kota Medan, 3.5 km dari Bandara Internasional Kuala Namu, dan 9.5 km dari pelabuhan Belawan.
“Sebelum mengembangkan GIIPE, Best & Grow Investment sudah terbukti sukses mengembangkan proyek di Sumetera Utara, terutama di Medan, seperti Hotel JW Marriot, Medan, Centre Point Medan, Housing/Town House. Best & Grow Investment bisa menjadi mitra bisnsis terpercaya,” terangnya.
GIIPE menempati lahan seluas 2.000 Ha dan masih akan melakukan ekspansi lahan seluas 1.000 Ha. Proyek GIIPE terbagi dalam Power Plant seluas 200 Ha, Seaport seluas 200 Ha, Industrial Estate seluas 1.000 Ha, Residential seluas 200 Ha, Cruise Port, Golf & Palm Resort seluas 100 Ha, Central Business District seluas 300 Ha, dengan nilai total investasi USD7.438.000.000 (sekitar Rp99 triliun).
The 45-year-old entrepreneur packed his bags and set off for one of his country’s most staggeringly beautiful corners: a sleepy, high-altitude border outpost called Tashkurgan that – at almost 5,000km (3,100 miles) from Beijing – is the most westerly settlement in China.
“I saw a great opportunity to turn this little town into a mid-sized city,” Zhou explained during a tour of ‘Europa Manor’, a garish roadside spa he recently opened for Chinese tourists along the Karakoram, the legendary 1,300km highway that snakes through China’s rugged western mountains towards the 4,700m-high Khunjerab Pass.
Zhou said he was part of a wave of entrepreneurs now pouring into this isolated frontier near Pakistan, Afghanistan and Tajikistan, hoping to cash in on President Xi’s “Belt and Road initiative”, a multi-billion dollar infrastructure campaign that looks set to transform large swaths of Asia and the world beyond.
“This place is going to see big changes,” predicted Zhou, who hails from the central city of Xi’an, as he guided his visitors through an R&R centre filled with plunge pools, wicker chaise lounges and fake plastic trees.
This weekend world leaders including Russian president Vladimir Putin, Pakistani prime minister Nawaz Sharif and Turkish president Recep Tayyip Erdoğan will gather in Beijing to celebrate Xi’s plan, which supporters hail as the start of a new era of globalisation but sceptics see as a strategic ploy to cement China’s position as Asia’s top dog.
“The Belt and Road forum will go down as a landmark event in the history of Chinese foreign policy,” boasted a frontpage commentary in the Communist party’s official mouthpiece, the People’s Daily, on the eve of the event, which bears the unfortunate English acronym “Barf”.
As the last stop on the Karakoram before the border with Pakistan, Tashkurgan stands on the front line of one of the most ambitious components of Xi’s project: the $62bn China-Pakistan economic corridor (Cpec).
Officials in Beijing and Islamabad claim the corridor – a vast web of planned infrastructure projects running diagonally from the resource-rich region of Xinjiang in western China to the deep-water port of Gwadar on Pakistan’s Arabian coast – will spark an “economic revolution” in the south Asian country.
The jaw-dropping landscape of glaciers and grasslands around Tashkurgan, an ancient Silk Road trading hub that is home to China’s Tajik ethnic minority, has changed little in hundreds, if not thousands, of years. “It is worth a journey from England merely to see this place,” the British adventurer Robert Shaw marvelledafter trekking through the region’s “stupendous peaks” in the late 1860s.
But this obscure and secluded town is now bracing for a revolution of its own, as authorities cook up grand plans to transform it and the surrounding region.
In order to ferry people and equipment into this far-flung outpost, which is seven hours’ drive from the nearest major city, one of China’s highest altitude airports is being built just south of town on the Pamir plateau, a sparsely inhabited region previously the preserve of farmers, nomads and yaks.
Construction teams on both sides of the border have been rebuilding some of the most treacherous stretches of the Karakoram, the world’s highest transnational highway and a project that took two decades and more than 1,000 lives to build.
Further ahead, there are spectacular plans to build the so-called Khunjerab railway, a high-altitude line that would run roughly alongside the Karakoram and link north-eastern Pakistan with the Chinese city of Kashgar.
Such proposals are music to the ears of fortune-seekers such as Zhou who have flocked to this landlocked town to open improbably named businesses such as the Sea Front International Hotel.
“The next 10 years are going to bring tremendous change,” Zhou boasted. He claimed, with a heavy dose of hyperbole, that the town’s future might resemble that of skyscraper-studded mega-cities such as Shanghai and Guangzhou.
Muzaffar Shah, a Pakistani salesman who was passing through the Chinese city on his way back from a shopping expedition to the bazaars of Kashgar, said he also sensed change was coming.
Shah remembered his first trip to Tashkurgan, in 1993, when “it was nothing”. “This is growing very fast [now] – very, very fast,” he added over a plate of yak curry by the Karakoram, which Chinese travellers call the China-Pakistan Friendship Highway. “Everything has changed.”
Over the coming years Tashkurgan is unlikely to be the only place to feel the effects of China’s infrastructure crusade, which some compare to America’s post-war Marshall plan to rebuild Europe.
From Mongolia to Malaysia, Thailand to Turkmenistan and Indonesia to Iran, a slew of Chinese projects, including power plants, solar farms, motorways, bridges, ports and high-speed rail links, are set to be built with support from China’s banks and work force.
According to some estimates, China will bankroll some $150bn of infrastructure projects each year in countries that embrace Xi’s signature foreign policy initiative.
So many economic and geo-political goals lay behind the program that it defied one simple definition but essentially it was Xi’s answer to Donald Trump’s #MAGA: “Let’s Make China Great Again”.
“It is part of a push to cement China’s position as the undisputed power of Asia,” he said.
“China’s greatest strengths are financial – it has enormous economic muscle – and building infrastructure. So it is putting those things together and using its economic diplomacy to build roads, railways, ports, powerlines [that will help] integrate Asia [and] puts China at the centre of Asia.”
“It is very significant because China is the only country that has the capacity to build infrastructure like this and the only country that is willing to do it,” Miller added.
“You can be very sceptical about what the Belt and Road itself means … but nobody doubts that China is lending a lot of money and building a lot of stuff.”
The winds of change have already been blowing in Tashkurgan and affecting its 40,000-strong population.
Physically and culturally, the town, which is the main home of the Sarikoli-speaking Tajik minority, is about as far from Beijing as you can get, without crossing China’s 22,000km border.
An exhibit at the local government museum, the Tajik Folk Culture Exhibition Hall, describes its natives as having “typical features of Caucasian race, with light skin coloration, golden yellow or dark brown hair, dark blue or gray brown eyes, thin lip, high nose, not high cheekbone, developed body hair and beard.”
Slowly, however, the make-up of the population is changing. Locals say the last decade has seen a major influx of Mandarin-speaking immigrants from China’s ethnic Han majority after the government began trying to boost the local economy by turning the picturesque border town into a tourist destination.
Those efforts intensified following an outbreak of deadly ethnic rioting in Xinjiang’s capital, Urumqi, in 2009 as authorities began pushing for a burst of “leapfrog” economic development that might calm the province’s violence-hit south.
Miller said one of the Belt and Road initiative’s key aims was to bring development and stability to China’s deprived periphery by linking such regions with overseas markets.
“Particularly in Xinjiang, China believes that economic development can help solve some of the security questions with its own militant Muslim minority and Islamist problems over the borders. They think that if you give people jobs and economic hope then perhaps they will be less inclined to foment insurgencies and other things,” he said.
“I think they are mistaken there … but that is how they think,” Miller added.
The ever-present security forces on Tashkurgan’s otherwise tranquil streets give it the feel of an Alpine resort crossed with the West Bank and public expressions of dissent are rare.
Asked how they felt about the town’s future, locals firmly stuck to the party line and said they were hopeful Xi’s project would inject new life into the area.
“We fully support the Belt and Road initiative,” beamed Narzi Baygim, a 23-year-old Tajik tour guide who said she hoped it would bring more tourists to the region. “I think it will help connect China to other countries and to promote friendship.”
Rebiya, a 22-year-old interpreter, said she was glad to have been born and raised in such a scenic and pristine corner of China. “Living here is like living in heaven,” she said.
But development was welcome, she said, shrugging off the suggestion that Tajik traditions might be diluted by the influx of outsiders.
“[Our culture] has been passed down over the past 2,000 years and has become part of our DNA,” she said. “I don’t think it will vanish just because of economic development.”
While business people are banking on the transformation of the region around Tashkurgan, not everyone is convinced the reality will live up to Xi’s grand vision. Some point out that since the Belt and Road initiative began in 2013 trade between Xinjiang and foreign countries has actually fallen.
Rahber Khan, the owner of a Pakistani restaurant near the town’s main square, said he feared most Chinese investment was destined for the strategic port of Gwadar, not the impoverished region where his family lived.
“Maybe in the future we are growing but right now we don’t see anything good in front of us,” said Khan, 39, who is originally from Ghulkin, a village just over the border.
“I’m not sure if it’s coming or not,” he said of plans to connect Pakistan and China with the Khunjerab railway, adding: “It’s just talking.”
Before this weekend’s summit in Beijing, China has trumpeted its commitment to the “game-changing” initiative in a barrage of state-sponsored propaganda.
“At a time when certain western powers are retreating into protectionism and isolation, China has been promoting the globalisation of the economy in a spirit of openness and inclusiveness,” the official news agency Xinhua declared.
The English-language China Daily newspaper described the drive as “one of the most important public goods China offers the world”.
Outside Khan’s restaurant, the Communist party has also set out its stall, stamping its message onto a giant red billboard that towers over Tashkurgan’s main square.
“Build a beautiful Xinjiang!” the sign reads. “Make a Chinese dream come true!”
BEIJING–Minggu, 14 Mei 2017, Best & Grow Investmen yang saat ini sedang mengembangkan kawasan Golden Integrated Industrial Port Estate (GIIPE) di Kota Medan, Sumatera Utara, bertemu dengan Presiden Joko Widodo, disaksikan Menteri Koordinator Kemaritiman Republik Indonesia H.E. Mr. Luhut Binsar Panjaitan dan Menteri Perindustrian Republik Indonesia H.E. Mr. Airlangga Hartarto. Pertemuan dilangsungkan disela kehadiran Presiden
BEIJING–Minggu, 14 Mei 2017, Best & Grow Investmen yang saat ini sedang mengembangkan kawasan Golden Integrated Industrial Port Estate (GIIPE) di Kota Medan, Sumatera Utara, bertemu dengan Presiden Joko Widodo, disaksikan Menteri Koordinator Kemaritiman Republik Indonesia H.E. Mr. Luhut Binsar Panjaitan dan Menteri Perindustrian Republik Indonesia H.E. Mr. Airlangga Hartarto.
Pertemuan dilangsungkan disela kehadiran Presiden Jokowi dalam forum One Belt One Road di Beijing, China.
Ibu Paramita Ersan sebagai representative dari Best & Grow Investmen menyampaikan update kepada Presiden Jokowi bahwa pada tanggal 13 Mei 2017, Best & Grow Investmen telah menyelenggarakan Belt and Road Forum for International Cooperation, yaitu forum pertemuan dengan para investor asal China.
Menteri Koordinator Kemaritiman Republik Indonesia H.E. Mr. Luhut Binsar Panjaitan dan Menteri Perindustrian Republik Indonesia H.E. Mr. Airlangga Hartarto juga turut hadir dalam pertemuan tersebut.
Melihat perkembangan ekonomi Indonesia dibawah kepemimpinan Presiden Jokowi yang terus bergerak maju, para investor asal China sangat tertarik untuk ikut berinvestasi dalam GIIPE, salah satu yang sudah menyatakan ketertarikannya adalah Shenzen Qixin Construction Group.
Presiden Jokowi dan Ibu Paramita Ersan
Karena itu, Ibu Paramita Ersan sebagai perwakilan dari Best & Grow Investmen juga menyampaikan terimakasih kepada Presiden Jokowi yang terus berusaha membuat iklim investasi di Indonesia semakin kondusif. Hal ini yang menjadi daya tarik bagi para investor untuk berinvestasi di Indonesia.
Laporan kepada Presiden Jokowi disampaikan sebagai bagian dari dukungan Best & Grow Investmen terhadap keikutsertaan Pemerintah Indonesia dalam forum One Belt, One Road di Beijing, China. Selain itu, Ibu Paramita Ersan juga menyampaikan kepada Presiden Jokowi prospek pengembangan GIIPE terhadap perekonomian nasional dan terutama terhadap perekonomian di Kota Medan, Sumatera Utara.
Lokasi GIIPE juga sangat strategis, berlokasi di Percut Sei Tuan, Medan, Sumatera Utara. Letaknya sangat strategis, 16 KM dari pusat Kota Medan, 3.5 KM dari Bandara Internasional Kuala Namu, 9.5 KM dari pelabuhan Belawan. GIIPE menempati lahan seluas 2.000 Ha dan masih akan melakukan ekspansi lahan seluas 1.000 Ha. Project GIIPE terbagi dalam Power Plant seluas 200 Ha, Seaport seluas 200 Ha, Industrial Estate seluas 1.000 Ha, Residential seluas 200 Ha, Cruise Port, Golf & Palm Resot seluas 100 Ha, Central Business District seluas 300 Ha, dengan nilai total investasi USD 7.438.000.000 (lebih dari seratus triliun rupiah).
Adanya pelabuhan laut dalam kawasan ini akan meminimalkan biaya logistik yang biasanya terjadi karena jauhnya akses kawasan industri dari pelabuhan. Terintegrasinya kawasan industri dengan pelabuhan laut dan kawasan hunian serta kelengkapannya dalam satu paket, merupakan nilai keuntungan tersendiri bagi para investor yang ingin bergabung bersama Best & Grow Investmen dalam mengembangkan GIIPE.
Liputan6.com, Jakarta – Presiden RI Joko Widodo (Jokowi) direncanakan menghadiri Konferensi Tingkat Tinggi (KTT) One Belt One Road (OBOR) atau KTT OBOR yang dilaksanakan di Beijing, China. Di acara itu, Jokowi juga akan membawa beberapa menteri dan pengusaha.
Dengan mengajak pengusaha ini, diharapkan akan ada pertemuan person to person, yang akhirnya akan bisa menarik dana dari China untuk berinvestasi di Indonesia.
Salah satu proyek yang akan ditawarkan dalam kunjungan Jokowi ke China tersebut adalah pengembangan kawasan industri milik swasta di Medan, yaitu Golden Integrated Industrial Port Estate (GIIPE) yang berlokasi di Percut Sei Tuan, Medan, Sumatera Utara.
“Dengan senang hati kami akan membantu dalam mencarikan investor untuk mengembangkan beberapa proyek strategis di Indonesia, termasuk GIIPE,” kata Duta Besar Republik Indonesia untuk Republik Rakyat Tiongkok (China), Soegeng Rahardjo, Sabtu (13/5/2017).
Seperti diketahui, GIIPE ini menjadi kawasan industri yang dikembangkan oleh swasta, yaitu Best & Grow Investment, yang letaknya 16 Kilometer (km) dari pusat Kota Medan, 3,5 km dari Bandara Internasional Kuala Namu, 9,5 km dari Pelabuhan Belawan, serta didukung infrastruktur jalan yang sudah layak.
GIIPE menempati lahan seluas 2.000 Ha dan masih akan melakukan ekspansi lahan seluas 1.000 Ha. Proyek GIIPE terbagi dalam Power Plant seluas 200 Ha, Sea Port seluas 200 Ha, Industrial Estate seluas 1.000 Ha, Residential seluas 200 Ha, Cruise Port, Golf & Palm Resort seluas 100 Ha, Central Business District seluas 300 Ha, dengan nilai total investasi lebih dari Rp 100 triliun.
“Kami juga akan mengadakan pertemuan dengan berbagai investor asal China untuk memberikan gambaran peluang investasi yang menjanjikan di GIIPE,” tambah Komisaris Best & Grow Investmen, Ishak Charlie.
Pertemuan akan dilangsungkan pada 13 Mei 2017. Rencananya Menteri Perindustrian Republik Indonesia Airlangga Hartarto sebagai perwakilan Pemerintah Indonesia juga akan ikut hadir.
KTT One Belt One Road atau KTT OBOR merupakan konferensi Infrastruktur yang diikuti oleh 29 negara. Banyak investor yang akan hadir dan mencari peluang bisnis dari berbagai negara yang ikut serta dalam KTT tersebut.
Dalam KTT tersebut, Presiden Jokowi direncanakan hadir dan memaparkan sejumlah proyek infrastruktur nasional yang sedang dan akan dikerjakan di Indonesia, termasuk berbagai peluang investasi menarik yang ada di Indonesia. (Yas)
Just like South Africa has the ‘Big 5’ in safari terms; we also have The Marine Big 5. The rich waters of Walker Bay teem with marine life in abundance, and a visit to The Marine means you can enjoy the Big 5 during your stay; you can even spot the whales from the comfort of your suite!
The Marine Big 5
The Southern Right Whale journeys to our bay from June to November to calve. The Marine is perfectly positioned to offer some of the best land-based whale watching in the world, we can even organise a boat trip for you should you wish to get closer.
Spy pods of dolphins swimming in the surf while enjoying a cocktail on the terrace. Plus you can go on the same boat trip as above where you’ll spot both whales and dolphins, among a myriad of other sea life.
Spot the sprightly seal lazing in the harbour, swimming in the sea, as well as on a boat trip to see the larger creatures.
Just across from Walker Bay thrives one of the greatest densities of the endangered Great White Shark in the world. We will happily organise a shark cage diving trip, where you’ll be able to get up close with the great beasts of the deep.
This is a rare opportunity to see the African penguin in its natural habitat; we’ll arrange a tour to Stony Point, one of only three land-based colonies in the country.
Ishak Charlie’s Best & Grow Signs Up Chinese Design Firm for Its Latest Industrial Complex in Medani
Jakarta. Best & Grow Investment Group, a Medan-based property company, signed up Shenzhen Qixin Construction Group, a Chinese design and architectural firm to help the former develop a $7.4 billion integrated industrial estate in North Sumatra.
Best & Grow and Shenzhen Qixin signed the partnership agreement in Beijing in the weekend, with Minister of Industry Airlangga Hartarto and Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan as witnesses.
Luhut said he hopes Best & Grow’s partnership with an international design company will encourage more foreign companies to invest in North Sumatra. “They’ll have the full support of the government,” Luhut said in a statement on Sunday (14/05).
The complex, called the Golden Integrated Industrial Port Estate (GIIPE), is the brainchild of local tycoon Ishak Charlie, Indonesia’s 150th richest man according to Globe Asia.
Ishak was part of President Joko “Jokowi” Widodo’s envoy visiting China last week to woo Chinese investors to put money in the industrial complex project.
Ishak, who is also the commissioner in Best & Grow, said the GIIPE has opened up 2,000 hectares of land in Percut Sei Tuan, an area 16 kilometers from the Medan city center, 3.5 kilometers from Kuala Namu International Airport and 9.5 kilometers from Belawan Port.
The company plans to expand the industrial complex by 50 percent to 3,000 hectares over the next few years, and equip it with a power plant, a sea port, a housing complex, a cruise-ship port, a golf club and a business zone.
Previous Best & Grow projects include the JW Marriott hotel in Medan and one of the city’s largest shopping malls, Centre Point, as well as plenty of housing complexes and townhouses.
The world is full of inconceivably huge projects, happening right under our noses.
Take the Hong Kong-Zhuhai-Macau Bridge, which will link three major Chinese cities in the country’s quest to bring 42 million people together. Or there’s Google’s plan to make Internet available in every facet of city life as part of its highly secretive urban planning arm, Sidewalk Labs.
Those efforts and many others illustrate how investing billions of dollars in simple things like roads and Wifi access can make everyone’s lives better.
Here are some of the biggest projects the world has seen so far.
Scheduled for completion in September 2016, China’s Pingtang telescope will be the world’s second-largest radio telescope. Its dish measures 1,640 feet across.
After 17 years of construction, the Gotthard Base Tunnel opened in Switzerland on June 1, 2016. At 35 miles long, it’s both the longest and deepest train tunnel in the world, offering unprecedented efficiency when traveling through the Alps.
The newly expanded Panama Canal was unveiled to the public in early June, 102 years after it first opened. It took $5.4 billion and 40,000 workers to triple the capacity of the waterway.
In 2026, an Iraqi skyscraper known as “The Bride” will feature a “veil” of solar panels and produce as much energy as it consumes. It’ll be 3,779 feet tall and contain parks, offices, restaurants, and a rail system.
Completed in 2011, China’s Jiaozhou Bay Bridge is the world’s longest cross-sea bridge, stretching nearly 26 miles — almost the length of a marathon. It cut travel time in half for people going between east China and the island of Huangdao.
In 2015, the Itaipu Dam on the border of Brazil and Paraguay generated 89.5 Twh of energy, the most of any dam in the world. It supplies 75% of Paraguay’s total energy and nearly 20% of Brazil’s.
London’s Crossrail project — a massive upgrade to the existing Underground system — is the largest construction project ever undertaken in Europe. It involves 10 new train lines and connects 30 existing stations via brand-new tunnels. It will begin service in 2017, and be fully operational by 2020.
The Hyderabad Metro Rail is a 46-mile-long light rail system that will finally bring communication-based train control to India. It’s due to be completed in 2017.
The Hong Kong-Zhuhai-Macau Bridge project will link three cities in China’s Pearl River Delta — creating one mega-city of 42 million people — when it’s completed in 2017.
Dubai’s Mall of the World will be a colossal domed structure nine times bigger than the Mall of America. When it opens in 2029, it will be temperature-controlled, feature thousands of hotel rooms, and have its own transit line.
Google’s parent company, Alphabet Inc., is developing plans to create “Smart Cities” — redeveloped areas with complete Internet access, renewable energy, and the latest in automated technology — throughout the US.
The Riyadh Metro, Saudi Arabia’s new $23.5 billion rail line will boast a station designed by Zaha Hadid. Its 109 miles of railway will revolutionize how residents of Riyadh get around. It’s set to begin operation by 2019.
Songdo, South Korea is a so-called “smart city” located on 1,500 acres of waterfront land. Completed in 2015, Songdo’s near-comprehensive Internet access gives its 67,000 residents a taste of future society.
The South–North Water Transfer Project is an ongoing Chinese effort to move nearly 45 billion cubic feet of water from the Yangtze River to the country’s less fertile northern regions. More than $79 billion has been spent on the migration so far.
5 Construction Mega Projects to look out for in 2016
Construction mega projects, especially those related to infrastructure, play a crucial role in shaping the future of individuals, cities, and states. They have the potential to transform entire countries, and have done so; the Panama Canal, for instance, today is responsible for much of the country’s GDP. Another mega project which springs to mind is Dubai International Airport, which contributes around 25 per cent of both Dubai’s employment and GDP. These and many more mega projects have achieved their initial purposes, seen expansion and have inspired plans and construction of new mega projects. As 2015 draws to a close, we consider what will happen in the construction industry in 2016 and beyond.
Panama Canal Expansion
Since 1914 the Panama Canal has allowed ships to pass from the Atlantic through to the Pacific Ocean. In over 100 years of existence, this mega project continues to enjoy great success. However, increasing ship sizes and transport volumes, competition through the Northwest passage or Suez Canal, and significant water loss in the oceans at Lake Gatun have necessitated an expansion of the canal – even if it means cutting out more of Panama. Set to finish in 2016, the expansion project will make the existing canal wider and deeper. A 6.1km long channel will be carved out for new floodgates. The whole process is going to consume over 4.4 million cubic metres of concrete and cost more than US$5.25bn.
Enabling the passage of an increasing number of ships, the Panama Canal needs to be expanded
Gujarat International Finance Tec-City
To grow its financial industry and become a global financial hub, India commissioned the Gujarat International Finance Tec-City (GIFT) mega project. Upon completion it rival with Paris’ La Défense, Tokyo’s Shinjuku, and the London Docklands. As a construction model in India, GIFT will advance the idea of sustainability in the country. Following the construction of basic infrastructure and development of services, the third phase of constructing of the fully built city is scheduled to begin in 2016.
At a planned cost of US$20bn, the city will stretch over 5.8 square kilometres of real estate and residential space, including over 200 skyscrapers upwards of over 80m height. This mega project has dedicated some 35 per cent to green areas, and about 25 per cent to infrastructure like roads, parking, and grass strips.
Model picture of an industrial city
Hudson Yards Redevelopment Project
This mega project creates a city-within-a-city idea in the west of New York. The project is the biggest real estate development in U.S. history and the largest in New York since the Rockefeller Centre. The site will stretch over more than 1.6 square kilometres, comprising and equal share of residential and commercial space, and open spaces. It is not just its vast size within the world’s most famous metropolis that makes this mega project so remarkable.
The real highlight lies in its concept. Built above one of the world’s busiest railway yards that will keep running uninterrupted, the mini-metropolis will float over the streets of Manhattan. The whole site will rest on a technically highly sophisticated network of steel beams, concrete, and tunnels. Finding the space for and building a structure that can carry the enormous weight of a city of high-rises and luxury spaces poses a huge challenge, one that is being tackled jointly by Related Companies and Oxford Properties Group. While the eastern platform is to be completed this year, the western platform will reach construction end in 2016. Construction on the upper levels will begin thereafter, set for completion in 2024. The total budgeted costs for this project add up to US$20bn.
Vision for the Hudson Yards Redevelopment mega project
In 2014 construction giants Bechtel, FFC, Strukton, and many more, came together to start building the new infrastructure backbone of Saudi Arabia’s capital, after having been awarded contracts adding up to over US$23.5bn. As Riyadh’s population is expected to grow by 25 per cent until 2030, the new metro system is designed to cater to the demand of an ever growing population, reduce street congestion, and improve air quality. Over 176 kilometres of railway line, combined with 85 kilometres of bus rapid transit, make the Riyadh Metro the biggest mega project of its kind in the world. Many of its stations will be designed to meet the Leadership in Energy and Environmental Design (LEED) standards. The technologies necessary to that end include heating, ventilating, and air-conditioning efficiencies, and installations that conserve energy and water. Additionally, the structures take advantage of Riyadh’s environment, generating electricity through photovoltaics.
Design for one of the 85 stations of the new Riyadh Metro system
While most mega projects have the purpose of advancing society, or at least to cater to the needs of a growing world economy, Azerbaijan’s Khazar Islands has a different focus. The centre piece of these islands, the creatively named Azerbaijan tower, will be the world’s newest tallest building. Construction kicks off in 2016. The tower will rise over 41 artificial islands in the Caspian Sea, requiring the demolition of a mountain nearby. The islands are to feature at least eight hotels, an airport, a yacht club, and a Formula 1 racetrack. Estimated construction costs for the tower and the rest of the site are US$2bn and 100bn respectively.
Apart from the inherent environmental destruction, such a mega project would hardly raise any eyebrows if it were to be constructed elsewhere, like the United Arab Emirates. Locating such a mega project in a country like Azerbaijan, a nation at the lower end of the Human Development Index, can only be called lunacy. The project is the brainchild of project developer and billionaire Ibrahim Ibrahimov, and his ties to the corrupt and newly oil-rich government of the country.
Concept of Azerbaijan’s Khazar Islands, reaching into the Caspian Sea
Outlook for the next year
With an anticipated growth of around 3 per cent in 2016, the global construction industry is continuing on upward trend. Therefore, staying up to date with the latest mega projects is happening is crucial for (aspiring) global players in the construction industry. To help you with lead generation, you can find more detailed information on each of the mega projects described above and many more, on the Building Radar platform.