THE ISSUANCE OF PRESIDENTIAL REGULATION NUMBER 80 OF 2019 CONCERNING THE ACCELERATION OF ECONOMIC DEVELOPMENT IN EAST JAVA

On November 2019, President Joko Widodo issued a Presidential Regulation Number 80 of 2019, Concerning the Acceleration of Economic Development in Gresik – Bangkalan – Mojokerto – Surabaya -Sidoarjo – Lamongan Region, Bromo – Tengger – Semeru Region, As Well As Selingkar Wilis Area And The South-Cross (Lintas Selatan). With the promulgation of this Presidential Regulation, the province of East Java is projected to gain many potential investments from a total of 218 national strategic project in the province as promulgated with the Presidential Regulation.

for details, see the attachment below.

This newsletter is for informational purposes only and solely intended to provide general information and should not be treated as legal advice, nor shall it be relied upon by any circumstance or create any relationship. All summaries of the laws, regulation and practice in the contents are subject to change. Specific legal advice should be sought by interested parties to address their particular circumstances.

If you have any question and/or wish to discuss further about the above or to discuss the impact of these legal and commercial developments in your particular case, please reach out to Cylvie at cylvie@sapartnerslaw.com and/or Sunu at sunu@sapartnerslaw.com

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