[Member's News] PRESS RELEASE: Indonesia is fifth most cost competitive manufacturing hub in the world

Indonesia, 8 July 2020 – In its annual ranking of the most suitable locations for global manufacturing among 48 countries in Europe, the Americas and Asia Pacific, Cushman & Wakefield has assessed that China remains the most attractive manufacturing hub globally from an operating conditions and cost competitiveness perspective. 

 

The annual Global Manufacturing Risk Index (MRI) scores each country against 20 variables that make up the three final weighted rankings which cover conditions, cost and risk. The data underpinning the MRI comes from a variety of reliable sources, including the World Bank, UNCTAD and Oxford Economics.

 

Wira Agus, Director, Industrial & Land Sales, Cushman & Wakefield Indonesia said “Indonesia’s ranking on cost competitiveness should improve with the government’s plan to re-distribute the manufacturing hubs to outside of Java. Ear-marked as Special Economic Zones, these provinces have been granted tax incentives to accelerate the diversification of manufacturing hubs into the provinces. The government has also plans to improve the logistics infrastructure by developing the “sea toll”.

 

Please find attached file for Press Release and Visit Cushman & Wakefield’s global website to download

 

 

For further information contact: info.indonesia@ap.cushwake.com